1st subject to deal. Advice and help needed!

[Vincent Herrera]

Hello everyone, I just got my first lead  on a subject to deal that I think might work pretty well but I wanted your advice . This house is worth around 140k and needs no repairs. The seller is behind on mortgage payments two months and is behind around $2,000 in back taxes .she told me that she has declared bankruptcy as well. She owes 99k on the property so has a pretty good amount of equity. She is willing to let me take her house subject to her existing loan. I would be moving into the property as well. How should I go about doing this? I mainly wholesale properties. I'm not sure of what contract I'm supposed to be using or any other legal documents that I need.as well as the process as a whole. Can anybody give me advice as well on what I should do about the back taxes and late mortgage payments? Also anything I need to watch out for? Any advice or tips would be greatly appreciated. Thanks!

[Jason Dillard]

Have a closing.  Instruct title agent to have buyer(you)  to catch up loan and taxes at close.  Seller must agree to remove house out of bankruptcy before close and provide proof.  Get permission in writing from seller to communicate with bank. (you need this to get payoff, etc. In future) Get new hazzard insurance and ask agent to notify bank of change.  Move in your house.  Make sure mortgage  statement is opened, read, and returned with payment monthy.