Help Needed! Foreclosed Property Experience

[Scott Gordon]

Would love to connect with people who have experience with buying foreclosed homes or homes just before foreclosure! I found a house in the neighborhood across the street from me that's a great location. Both owners passed due to old age and it's been vacant since January 2021. I found the daughter through the obituary and contacted her on Facebook. She said it's about to foreclose for $100k. ARV is $200k and needs about 40-50k in work.

Curious if it would be better to wait for it to foreclose or try to offer before it hits foreclosure!