Wholesaling Pre-Foreclosures

[Aquila Phillips]

Hello all!!

I'm doing a bit of research to finding other means of wholesaling.  I've found that I don't fully understand the benefit and process of wholesaling homes in pre-foreclosure.  I've not found that homes going through pre-forclosure have enough equity to make the transaction worth it. 

Would you guys give some examples (with numbers) of times you've wholesaled a successful pre-foreclosure?  Did you find that it was worth it?  Would you do it again?  Will you share the steps you took to complete this process?  

Thanks to everyone who contributes!  

[William Higdon]

@Jay Hinrichs, My apologies if I was unclear. That is what I meant when I said that banks don't allow people to profit from their misfortunes.