How to get this family house

[Julieann Shelton]

My son is one of 3 trustees on a house that has been on the market for 2 years. The other 2 brothers do not want the house. The house was listed for 475,000 but needs 100,000 in work so it has not sold. The bank is owed 340.000. They have not paid the mortgage for 5 months, it has not foreclosed yet. The value of the house is about 300.000. How do I get this house with out putting a down payment down? I would like to use the money to make the repairs. I would just take over the mortgage but it’s 3,500 a month and i don’t want to pay that much.