How to approach Lis Pendens in High Income Area-Experts please chime in

[Christine L.]

I'm looking to purchase in a igh income area for the school district. The average Home Price is over $400K. How would one approach the Lis Pendens in those areas? Letters? Knock on the doors? Ideally I would like to get the property sub to. I can afford to withdraw $50 to $100K from my 401K to purchase the property. How can one convince such presumably higher educated homeowners to sell me the property at a nice discount off? What are your thoughts? Should I offer to pay up the arrears / split the equity? I was preapproved for a $300K mortgage, & am paying for a subscription to a foreclosure list, but am paralyzed when it comes to taking action.

The zip is 11725.

Thanks for your replies