Seller sent to collections?
I have a seller lead who has a property within 3 days of being foreclosed on. The seller's account has been sent to collections. Half of the pay off amount is due by the 30th in order to get a 30 day extension. The full amount to settle with the lender is $21,000. Additional fees include $5,000 in unpaid taxes and fines. The property will also need roughly $3,700 in repairs. The seller wants $20,000 in walk away money (I'm confident that'll be negotiated down based on the situation). I've never dealt with pre-foreclosure leads so I am curious to know , at this point what my options are to acquire/control the property aside from paying cash at this point? Any/all feedback welcomed. Thanks!