Over the past 10 years, he and his late wife poured their hearts into building this home (with permits, of course).

I am not able to determine your purpose in posting this, since you did not also offer solutions for the seller or for the investor.The situation does not unfold when the homeowner receives a solicitation, as the article mentions...it begins when they are late paying their obligation to their lender.There is a timeline to a bank beginning foreclosure.

I'm not sure if they still have that in this current rate environment but they do exist. 

(This is what Investing is all about.) 3.

If you're lucky enough to get a free and clear property where the seller is willing to finance, this reduces much of the risk associated with seller-finance.I would make sure the title is then moved over to your name, especially since there is not a risk of a due-on-sale clause being triggered.

I find this hard to believe.

Do you think this would be feasible in OC and if so, which areas? 

I went and saw this one when it was listed!

However, achieving success in this space requires more than purchasing property—it takes strategy.

It’s been a fun ride getting it to this point!