Potential deal/Debt not on credit report

[Ben Sinkunas]

I received call about a potential deal today.  Here are the details:

Home is empty and owner wants to unload it fast.

ARV is $280,000 to $290,000 and needs $30,000 of rehab.

Owner has mortgage of $293,000 and is making the payments.

The $293,000 debt does not show on owner's credit report because of a bankruptcy that wiped out the debt.

They discussed letting it go into foreclosure but I need help seeing if there is a way we can help them from letting it go to foreclosure even though the foreclosure would not affect their credit since the debt has been forgiven.

I am thinking of seeing if the bank would do a short sale so we can help the owner get rid of the house.

I don't think a subject to deal would work since the house is underwater.

Any advice on how to help them would be appreciated!

Thanks!

Ben