Buying a property with the owner behind on her mortgage

[Brandon Rush]

Hello Friends,

I am working an off market deal in Connecticut which the owner is behind on her mortgage payments. If I heard her right, she said $20k behind. I do not have confirmation on how much the current mortgage balance is but according to prop stream it appears to be around $54k. ARV in this specific area is $220k-$240k, so there is some opportunity here. I have not seen the property yet but will be visiting this weekend, just looking to get ahead of the conversation.

Question, in situations like this where the owner is late on their mortgage, what options do I have for purchasing?

I am assuming I could do cash, hard money, or maybe even a mortgage. What do you think?

As always, thanks in advance.