What would be the best way to handle this deal?

[Dustin Dummer]

I have a hypothetical deal based upon a real life situation I just encountered. A person is sick and is going to have to leave their home. I don't have all the details yet but let's say the home is worth at least $150,000. She may owe $50,000 and possibly behind on payments. What would be the best approach to this situation if a deal could be made? Is this a wholesale situation? What's best way to close the deal and to resell the property? I understand subject to reassignment to an investor but what about wholesale to a retail buyer? Would I close on the property with transactional funding then sell to a buyer? Do you use a traditional sales agreement or still use a wholesale reassignment contract to resell to a retail buyer? And what potential issues could arise: I remember reading how reassignment can potentially trigger the loan to  be called do? But i assume if money was owed something would have to be worked out with the bank anyway. Other potential issues? Thanks for your input.