How Would You Handle This Forclosure

I have just learned that some one that I know is in forclosure and the bank is set to auction off his property in about 6 weeks. This is uncharted territory for me. Not familure with preforclosure ect. He is a smart guy and I think he has allowed this to happen because his newely ex-wife wanted him to sell the place ( he has the kids)and move out, taking the kids with him. Then forward 1/2 the proceedes to her and the boyfriend of many years that he reciently found out about. Its a tough situation they really "got the sh** end of the stick." and the ex doesnt care. I know there is equity and that I will need to find out how much for starters How would you approach this with a win win for all. What steps would I need to take. Get the "permission slip" to speak to the lender and ask if I can assume? See what it would cost me to have them quit claim it to me and bring it current? Because of the kids involved I am having a hard time with this but I know if nothing is done they will lose everything. Thanks in advance JohnNH [ Edited by JohnNH on Date 03/13/2004 ]