need advice

Hey guys, I have a person that is 60 days late on the mortgage and she cant refinance because her credit to low and loan to value is to high. she told me that if she cant refinance she is going into foreclosure. I will like to take over the property but these are the numbers.
the house is listed 4 months no sale yet.
balance 161000
value 200000
Single family 3 beds 1 bath
sqf 800 small house.
does this look like a good deal? is to small? what are the step to take over? please help thanks!!

  1. Hey what state is this deal all in ? As i may know of a way to help and all be happy

south FL :slight_smile: