Loan and Probate house in Jacksonville FL

[Dan Green]

Hey guys looking for a bit of input. I will be wholesaling a family house but here's the situation. My aunt and uncle passed away and left there home to my cousin (their only living child) in the will. My cousin was told that she did not need to probate. The house ARV is 265. The repairs are 40k The house was paid off but before my uncle passed he took out a loan on the home for $192,000 interest only. The bank has told my cousin that they will take a settlement. They are requesting a settlement offerletter, a hardship letter and proof of funds. My questions 1.Does this have to go through probate being that it was willed to her and she also had power of attorney before they passed away. 2. What percentage do the banks usually settle for in this type of situation also being that the home has equity in it. 3. Does any one know where to find a good example of settlement offers and hardship letters? 4. We are going to offer 75k she does not have the whole 75k . We are going to pay the settlement with the funds from selling the house. How can i get a good proof of funds to provide to the bank? Any other input would be greatly appreciated. Thanks in advance