Novation, Sub-To, or Something Else

[Larry S Cleveland Jr]

Guy's I'm trying to determine the best course of action on a potential deal. The lead came from a divorced motivated seller. The property has an existing mortgage, and the owner has borrowed against the home's equity. The primary on the house is asking for a dollar amount that is not too far off from the property's ARV. She wants enough to clear the mortgage, equity borrowed and have something for her next home. My instincts tell me she doesn't NEED that much but would prefer.

Is this a novation, sub-to, or some other creative finance deal?