Need help structruing foreclosure deal

[Omar Shaban]

Hi all, wanted to reach out to see how to best structure this deal. A property owner I got in contact with is in foreclosure. They want to stay in the property but cannot afford payments due to him and his wife's recent surgery.

There is a new roof on garage and home in the last 5 years. No major cosmetic damage, but flooring throughout the home needs to be redone. He is backed up on his mortgage for 3 months and he wants to keep his home and has nowhere to go so I mentioned a "creative deal" (instead of me buying it out right), and he was open to it. Property is in a B class area, ARV = 150k. I'm still working with him to figure out how much is left on the mortgage, however, he does have some equity in the house. What are my possible options in structuring a deal here instead of having the bank take the property?