foreclsure help.

Hello Guys I need help. This would be my first deal.
ok homeowners are heading into foreclosure. they owe 161000
worth 220000 they want 5000 in cash out. I want to take over the property and be able to sell it on my own or to lease purchase it. this property is locates in south florida. any ideas woudl help greatly. thanks.

Depending on what penalties, etc. are owed, and if your numbers work, you may be able to pay them their $5000, bring the payments current and take over payments (i.e. take it over Subject 2).

just watch out for that sub2. make sure it’s legit.