Short sale or Subject to?

[Carlos Velasquez]

I recently finish renovating a house I purchase and the lady next door approached me. She is selling her house for 117K but actually owes 140K. She knows she has to pay the balance and is considering going bankrupt. No offers has come as houses with similar conditions are being sold at around 90K . She is reaching out to see if there is something I could do. Before approaching her, I want to reach out to the bp community and look at some options. I was thinking talking to the bank and do a short sale but what about a subject to? Please give me some feed back as I would like to help this lady and make some profit in the process.