How to help a home owner in pre-foreclosure? (Wholesaler)

[Liz Stewart]

Hi Everyone, 

I am new to real estate investing and I am trying to understand the how a whole seller helps a home owner in pre-foreclosure.

So far it is my understanding that I identify a person in pre-foreclosure, and with their permission (I get the home owner to deed me the property, making me the owner?) I negotiate with the lender a discounted price for the remaining balance of the loan,once that figure is agreed upon, sell the property to the new buyer. I am kinda confused on what is the best way for a wholesaler to tie up the property to be able to talk to the lender and wholesale the property to a buyer. Can someone please clear this process up for me.

Thanks