Deal...Help

[Sam Byrd]

I recently became aware of a $2M home in foreclosure. Owner has attempted to sell via MLS for a few months to no avail. A "subject to" would be beyond my scope from a size perspective. The principal balance on the loan being foreclosed upon is less than 1/2 the asking price. I'd love to be able to make a few bucks from selling the knowledge of what I know about the deal but don't even have connections that operate at the price point.

My guess is the seller wouldn't do a "subject to" deal, but then again...who knows. Given their desire to sell (on MLS for a few months), the amount of equity I think is there and their high profile status, I think a traditional offer (low enough to have instant equity) aimed at reselling would probably be seriously considered.

Any suggestions would be appreciated.