Pre-foreclosure and wholeselling

[Austin Ralls]

I am searching through Zillow and seeing a lot of pre-foreclosure homes in my area that I am interested in going after to wholesale. I have a few questions for anybody who is seasoned in this area of investing and can give me insight.

1. How to go about contacting the owner of the property that is in pre-foreclosure without upsetting them?

2. How to figure out what a fair offer would be or find out what they owe on their mortgage?

3. How do I follow through with the transaction and keep the property from going through the foreclosure process to secure the investment for me and the other investor?

Thanks in advance!!