Purchasing a foreclosed property before auciton

[Dan Gongora]

Good afternoon everyone,

My friend recently told me that his brother's property is being foreclosed and will go to auction mid next month. I told him I'd see what I could do and this is what I came up with. My plan is to make his brother an offer before It goes to auction. I'm hoping by making and offer/purchasing the property before it goes to auction, his brother will no longer have a foreclosure on his credit? Are my assumptions correct?

action steps

1. find the listing. currently shows "auction"

2. find the lender. find out how what the loan balance is and how much the lender needs to satisfy the foreclosure.

3. once I have the numbers I need to satisfy the lender foreclosure, I can make an appropriate offer on the property and hopefully close.

Is this accurate? I know its very condensed but I was wondering if I have the right idea.

Thanks!