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?