I just find it hard to believe that this approach could possibly work for anyone.

I don't want to have unrealistic expectations with regards to margins here but I also need to be judicious in my approach and analysis of the trade. 

If you could get access to the data, the time from the first NOD to the current MLS entry is likely to be approaching a full year and the lender needs to get this dead wood off their books.You might attempt a Short Sale if they will talk to you.If the new MLS goes stale too - - suspect issues with the property condition.

Okay guys I'm new on here and I'm asking for anyone's help on how they might approach this deal.My uncle has a neighbor who is letting her home go to foreclosure.

@David Solarz I think the most common approach is to pool investor(s) and/or partner(s).  

Approach it purely from the aspect of trying to protect the assets and common areas that everyone has ownership of. 

What strategy/approach should I venture, given my current limitations? 

My end game is cash flow over a hold and type investment, my approach was to aquire multiple properties overtime, fix up as needed then rent, and use the equity over time in my portfolio to expand on more property.  

Now he has been approached from a builder that loves his work and wants to hire him on his jobs.But my husband he said needed Workmans COmp and a general liability insurance.

I'm wondering if anyone has experienced an increase in seller motivation with tax season approaching?