How to approach a pre-forclosure

[Joshua Brown]

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Hello everyone! This is my first time posting here, I have been following bp for a month or so now and have been trying to work on running numbers and getting comfortable with my market here. 

My question is, i have found the property in this mock deal ( If I have missed something obvious in this report, i apologize, this is number 6 on the practice runs :O ) This duplex is listed as a pre-foreclosure/auction deal. I am curious the process someone with more experience would use. Would you reach out directly to the owner of the property and maybe attempt an owner finance to take over the note and keep the owner from loosing his home or would you try to find a realtor and purchase through the foreclosure process? 

Thanks in advance!