Purchasing pre-foreclosure from a relative

[Michael VerBout]

I have a relative who is going through foreclosure.  They are content with letting it go.  Are there any options I have before the Sheriff's sale to purchase the property?  I know short sale is out of the question (or is it?) since we are related.

They currently owe 140k on the loan, with a 10k lien in addition.  It needs about 40,000 put into it and is worth 200-210k.  The auction won't be until September 2019 in which I will have at a minimum 20k to put towards conventional financing.

Any sort of insight that is given is greatly appreciated.