My first pre foreclosure deal

[Nate Ollie]

Hey guys, Was hoping I could get some help on my first pre foreclosure deal. I went to view the home today and I think its got good potential to be a sweet deal. Since this is my first go round with pre foreclosures, I want to make sure I cross my T's and dot my I's. I met with the owner today and got the reason she's looking to sell. However, in the midst of talking and viewing the property I forgot to ask how much she was in default for. I presume that's vital information to know, right? What other information should I gather in order to make an offer that's both fair to her and to myself? Thanks in advice for any guidance on this guys!