Looking at a house in pre-forclosure

[Brian Galvin]

Hey guys! I received a reply from one of my mailers, a person that is in preforclosure. It looks like the house is going to auction soon. I will be meeting with them hopefully this week. The home looks to be in very good condition has close to $150,000 in equity (subject to full disclosure). It seems as all I would need to do is purchase the house from them and put it on the market. This would be my first time doing a deal like this. So I have a few questions. Is it really as simple as that or because the foreclosure process  has already started will it change things? 

[Brian Galvin]

Good advice Mark!  I really didn't look at it from that angle other then trying to help them not go into foreclosure. But the fact they could be depending on me adds another level. Great advice.