Pre-Forcloure Question default

[Orlando Cortez]

Afternoon Everyone I’m looking at properties in pre-foreclosure estimated value is 465,000 original loan was for 326,463 the beauty is there’s 138,537 in equity the owner has been served an nod non payment of $17463....can someone walk me through how to make this work full disclosure I have not reach out to the owner yet just the details I was able to pull

Or is it better to find something with a lower original loan and default can you purchase the default the default amount or does it because a discount off the original loan that the owner still has to pay?