Pre- Foreclosure, How to approach a homeowner

[Andrew B.]

I have found a property, which is in the pre-foreclosure process in S Florida and was wondering if its better to approach the home owner by means of a letter, which Im sure they would have many, or knock on the door and chat. Im nervous to knock on the door, but I do feel it would be more personal and a cash deal would help them avoid foreclosure and hopefully retain some credit etc. If its pre-foreclosure and the tax deeds are still in the homeowners name it would be them I approach and not the lender right? Also, if its not listed, would it be beneficial to use my own realtor to help deal with the bank and homeowner etc, or would my attorney be enough help.

Also, what incentives to the homeowner would be acceptable, beyond paying all the late and missed payments owed to the lender? Like paying their moving cost etc.

This is my 3rd investment deal, with the 1st being a short sale listing which we just sold for well above what we estimated, but Im still really new at everything and even with all the reading I've done on the subject of "pre- foreclosures" on this forum and elsewhere I would greatly appreciate some help and knowledge from the pros on BP to help me acquire this property.

BP has helped me so much and I hope to share knowledge one day!

Thanks

Andy