Purchase of a tenant occupied duplex

[Monica Litster]

Getting ready to put an offer in on a duplex.  Asking is $80K, owes $58K. The bank has said it would loan 80% of appraised value or of purchase price. 

The banker suggested the seller to quit claim it to me, then the bank would get it appraised and we'd go from there. Because she owes $58K, whatever it appraises for has to be greater than what she owes. If it doesn't appraise for the asking amount, then basically I would have to bring the difference to the table, or walk from the deal, right?

Thank you