How can I help someone who is in pre-foreclosure without taking advantage of them?

[Richard Chapman]

Is there a way to help someone sell their house or use some sort of wrap-around financing to sell their house and get back a portion of the sale or payments for myself?

The owner has some equity but I don’t want to steal it from them (deed-in-lieu or something like that). I just want to help them out of a bad situation and make a little something for myself.

Does anyone have any recommendations about how to do this? The property is located in Denton Texas. Is anyone already doing anything like this in Texas?

[Wayne Brooks]

If the owner has enough equity to cover commissions and closing costs, the best thing is simply a straight up sale, on the Open Market. Of course, that generally means nothing for the friend/investor:)
A wrap on a mortgage in foreclosure is risky, and unnecessary.