After getting contacted by a owner facing foreclosure, what if they would approach the lender, let them know how they are trying to help, their required commission and then ask for approval.

What I will advise you on is when approaching experienced investors, they don't have to tell you anything.

You are talking about their home, not a house.Without going into hours of detailed explanations on the matter, I might just offer you this advice...Approach any homeowner from an emotional standpoint, rather than a business one.Logic is not something high on their priority list right now.

I like the simple and to the point approach.

Approaching any lender with disclosure can be an art, since the intitial reavction will be "you can't do that", but after you explain the details and their options, they will change their tune.

In two deals we sold later when a buyer approached us without the property being on the market.

Who do you approach, how do you make an offer?

Even when you were hearing in the last few years how incredible it was, there were people still losing tons of money.And just like you now hear about how bad the market is, there is individuals making a killing.

The book just didn't flow like some other books I have read lately.He sounds like an old school guy and maybe that approach just comes across as dry/boring when you are reading or maybe it just went over my head for parts of the foreclosure process.I'd give it a D.

They were back on their feet again though it sounded like.I'm still going to try this approach though, I have to just remind myself that it will be a win win situation if we can work something out.