Tenant in Foreclosure Situation, Want to acquire & Wholesale

[Darren Little]

My girlfriend is currently living in a rental where the foreclosure process has recently began.

Having yet to make my first real estate deal, this seems like it might be a prime candidate to do so.

She has been in the house for a year and another roommate has been in the house for two years.

We would like to leverage the fact that they have been in the house as long as they have to acquire it and then wholesale it to another investor, keep it and owner finance, or acquire, owner finance and flip the paper to another investor.

Thoughts? Suggestions?

Thanks in advance guys! (and gals)

EDIT:
The main thing in question is the acquisition of the home. The most simple form of acquisition is preferred with the least restrictions.