wholesaling properties under distress

[Alex E.]

I have heard that the best properties to wholesale are the ones where the owner has almost 100% equity. But can you wholesale properties where the owner has a loan-to-value ratio of 90% to over 100%, where the person is either struggling to make monthly mortgage payments and / or his home is worth lower than his monthly payments?

I was thinking that in this case, the person just wants to get rid of his property and doesn't care how much he sells the property for.