A house in preforclosure. Valued at $55,900. She owes $43,000 on the note and is 2 payments behind. She said she got a letter saying she has to pay $4,000 to catch up and keep the house from going into foreclosure. Payments are $516/mo P.I.T.I. She said she wants $5,000.00 down for her equity. It will take me about $3,000 to fix it up for move in condition. Now I know that would not be a deal. What I need to know, is how to go about offering the mortgage company a discounted price for the note. I know I need to get authorization to access her mortgage information but is there a form and if so where do I get it. Will I need to pay all cash to the mortgage company to short sale. Any other ideas or sugesstions is greatly appriciated.