do you need indepth knowledge about mortgages or is it simply your in foreclosure, you have this much equity, and ill give you x amount of dollars for your equity?
My opinion - you need in depth knowledge about the foreclsoure process, foreclosure laws in your jurisdiction, how to do your own title searches, bankruptcy, about property valuation, about rehab costs, marketing techniques, alternatives to foreclosure, what you can discuss and what you should refer to an attorney or CPA.
Or just go up and say “I’ll give you x” and hope for the best.