Buying properties in foreclosure can be a difficult process, unless you can move quickly and work well with the property owners. During the foreclosure process, there are many opportunities for the current homeowner to make payment to pull themselves out of the debt and foreclosure process.
The problem for many of these homeowners is that getting a month behind on their mortgage is simply too much to overcome. Now, to be caught up they have to pay two months at once, plus late fees. As an investor, there may be opportunities for you to step in and purchase properties in foreclosure.