Purchase Home Affordable Modification agreement

[Yolanda Thomas]

I need help structuring terms to buying (if possible) a residential home that has  a HAMP loan.

The loan was started in 2012 and has a balloon note due 2035.  Owner has made payments on time but is in late 80's and want to sell.  

Owner wants cash.  I don't know if it's possible because of the balloon note, and I having difficulty comping present value of loan.

Owner is waiting for my offer