Forbearance and Sub2?

I have a homeowner who is behind 5 payments behind ($6,000) and is looking to stay in her home. Since she’s been in default she saved up enough to make the monthly payments. Here’s the catch, she wants to stay in her home, can afford her monthly payments but wants to move out and sell the house in six months. She is open to doing an equity split after I buy the house from her.

Would a forbearance be a good strategy to put the missed payments on the loan and do a sub2?

When she’s ready to sell in six months, we will do an equity split. Would this be feasible?

Also, this loan is FHA.

What you’re asking is possible.

My concern is letting an owner stay in the property. It’s hard not to feel for them and want to help, but you have to also look at it like a business. What happens in 6 months if she changes her mind and doesn’t want to move out. Or, she stops making payments to you.

How do you get her out of the house?