Possible Foreclosure Strategy... Curious To Know

[Shaniqua Dupree]

Hello All,

So ive been thinking about foreclosure homes and how to get people out of the situation by creating a win win situation. So I have a possible strategy but I want to know if it sounds ok.

Example Scenario:

I have a motivated seller who just received foreclosure paperwork.

They want out of the foreclosure and is willing to allow me to buy their house "subject to".

Now the only way to stop the foreclosure is if I get put on the deed and use my active military orders to stop the foreclosure. (In logic thats how it would work)

Then the home will be in my name and the home owners will no longer be in foreclosure status. 

I then place tenants in the home or sell it or whatever I decide. 

The perks for the tenant is that now they can find a place they can better afford and the foreclosure is removed from the credit. 

Does this sound right? Should I tweak the deal or drop it? What would you do and why?

Its just an example.

Thanks so much. 

Shaniqua Pope