This is a good option if you have a seller with a substantial amount of equity which they are willing to lend to you at a low interest rate.People used to use lease options to accomplish the same thing, but so many ran into problems with only being a tenant that it's no longer a popular technique.It sounds like you're targeting a good list for wholesale deals.

Your best bet would be just honestly get a really good investment insurance policy on the property.

For investing, your best bet is to keep networking on BP.  

Lending club and Prosper are two popular ones.

Sounds like a safer bet?

Seems like wholesaling is one of the most popular topics in real estate investing!

- TomI was just thinking about the DOM also- If she's willing to spend money on it every month even though she's no longer living in the house- I bet she owes too much to sell it for any thing under her asking price. 

"pre-foreclosure" is a sexy term - but it really doesn't mean anything without qualifying an individual situation.If you want to have a better chance of success getting a property which is inevitably going to be foreclosed upon, it's a safe bet to start by looking at market comps and then adjust your number based on the condition of the property and the situation of the current owner.  

She should tell them she's spoken to a lawyer and I'll bet they give her deposit back.

I also bet a good guy name Mark Shaffar recently on BP who has deals in the midwest and Milwaukee.