If doing a Wrap, would I be doing it right?

[Alejandro Flores]

So next week I will be going to knocking doors on pre-foreclosure houses  (2 months before the auction is what I can find) that are newly built ( little to no repairs) I'll explain to them what options they have to solve their problem. Then I'll present the option that could be one of their best solutions. That I can take over the mortgage payment(mirroring the note) and pay the back payments that the owner owes. Saving their credit and saving them from foreclosure. I'll create a wrap using a specific contract that a Real Estate attorney will provide that fits with the law. Then before I agree to everything (closing) I should have found a retail buyer that can owner finance the deal, if not the next option would be a short sale or terminate the contract. To the retail buyer, I would ask him to put a down payment and make the monthly payments (which it will be a little higher than what I owe on the wrap) and I will give them a beautiful 2010 4/3 house. Let's say he agrees, then I would re-sell it to him/her (retail buyer) use another contract I imagine from the attorney. Then use a loan service company to make things easier, and make sure the payments happens till it's paid off. I imagine that's is how it's done if not let me know. 

I would also like to partner up with an investor that has done this before a "Wrap Deal" to make sure I'm walking the right direction. If I find one which I will, I'm willing to give a very good percentage of the downpayment.