Is there a deal in this this scenario?

[Pono Wright]

I typically focus on land contracts but every now & than I get contacted by motivated  people who want to sell there house. I hear a lot of people talking about wholesaling/ owner carry & learn more about it being that I get submissions from time to time. 

The possible deal: owner owes $130k & the house is worth $150k. Can someone give me ideas if there is a possible deal here or is there not enough equity to work with.