Any creative ways to invest in property with negative equity?

[Ray Jones]

Hello BP! I've been following the forum for a while and have finally come up with a question that I hope is worth discussion.

I've recently come across a seller with a home worth about 60k+ after-repairs that has about 30k left on the mortgage and a 25k home equity loan on top of that. I haven't been on the inside, but I suspect about 15-20k in repairs are needed.  It's vacant, homeowner probably does not have the capacity or desire to fix/rent it. and would like to wash their hands of it for the amount of the loans.  The owner probably does not have the desire/capacity to pay any balance of the loans either.

Obviously, I can't buy it for 55k, and a lease option will not work considering the monthly payments on the loans.  Is this (and situations like it) just a complete no-go, or are there creative ways to work with the lienholders or any other solutions?

Thanks!