Ethical/Safe Sub2?

[Ryan Dossey]

I've got a lead I'm working that this really appears to be the only option. Mortgage has a balance of 84k ARV is around 110k. Repairs for retail are 30k. Rental would be right at 8k.

They have health issues and are wanting to move in with their kids. They expressed being open to a shortsale but don't want to hurt their credit. They've never missed a payment on anything, have money to pay the bank, and don't want to get behind. (So I don't see that being an option) 

I would gladly take it over Subject to and it would cash flow pretty nicely. 

They just want to be done. Retail brokers have refused to list it. Just hasn't been updated. Green carpets, paneling, etc. 

There is a provision for transfer with credit approval. But also DOS without it. With my income (lack of w2) I don't see this going through.

They said if we can't figure this out they're going to board it and make the payments till they die. 

Advice? 

I've heard of folks mailing banks "notices" of intended sale?