Each lender will have slightly different loan terms so interview several to see which one fits you best. 

Ben:I have several lenders that would do that deal  at 75% LTV maybe 80% if everything else is strong.

I have sent several agents there over the years and they have had amazing results.

CA OR and WA have very specific laws as it relates to what you can and cannot do with a homeowner in foreclosure you should read those before you do anything.. they have severe penalties for violators..Once you figure what you can and cannot do legally.1. as Wayne above state Credit is trashed. your bringing no value there In West coast Purchase Money Deed of trust foreclosure  credit is trashed and bank has no right for a deficiency judgement. 2. 

Anyhow it feels good at times to help them keep their place,  especially the ones who truly deserve it and would face almost certain foreclosure, thing about the loss equity they lose, the credit impact for several several years to come. but we can't help all of them unfortunately our of hundreds of thousands in virtually every state across the country, but we try.

This is a state-by-state issue and there are several different methods. 

I’ve been looking for several months now.

They are classified as “severely cost-burdened” by federal housing agencies as a result."

Just joined the site after listening to the podcast for several months. 

There’s several ways to get a deal.