Help with potential sub2 deal

[Alex Garcia]

What's up people! I need of your wisdom. 

I received a call from an elderly relative and they are in the following situation, I want to help them to not get foreclosed, get them some money to downsize and add the home in my portafolio so it stays in the family.

The situation

Austin TX metro area

There were in forbearance since 2019 (COVID)

- Arrears are 104K-

Mortgage has been accelerated

- Mortgage balance 403K (including arrears)

- Reinstaintment balance is arrears + attorney fees (servicer is working on getting us a solid number)

- HOA liens ~15K

- County appraised value 622K

- Rent we could get 3.2K - 3.5K

- Current loan interest rate 3.5%

What are some options here?

also if I were to do sub2 on this it other property, how do you protect yourself before using your own money to catch up payments and reinstate the loan?

how do you protect yourself from the seller deciding not to follow thought after you catch up payments?