Can I make this Foundation issue work?

[Tony Wooldridge]

I reached out to a nice lady to inquiry about her property for sell the other day. It is listed on the MLS but has a unique description of the property. In the property explanation it mentions that the property will need to be a cash offer as it will not pass a banks requirements for financing.

So I inquired about her situation as I normally do trying to establish some rapport before getting into detail about the unique situation that requires this to be a cash offer.  She stated that when they decided to sell the property as they are out growing it and need a bigger place they had it inspected and were informed that the foundation needs extensive repair.  This is an older home early 1900's.  

They got a quote and she informed me that the quote was around $50,000!  She is selling the house for $150,000 and owes $139,000 on the home.  Obviously, there doesn't appear to be much one could do with this right?  However, I just got through listening Nathan Brooks (@Nathan Brooks) first Podcast 87 and he said he helped a person in a similar situation without having to take possession of the home?  I appreciate any and all recommendations as to how I might help this woman whether it means me ultimately eventually purchasing the property or steering her in a direction that will help her out of this situation.  If you have had a deal similar to this situation would you be at liberty to share your deal/structure to help the learning for all?  Thanks

[Nathan Brooks]

@Tony Wooldridge sorry I missed this when you posted it ... from what it sounds like, obviously no deal.  I do love helping people, and yes our team does 100 flips a year, but we also can't do deals that don't make sense (or money). 

To me, first ... it sounds like someone trying to take advantage on the foundation repair. It also sounds like a perfect candidate for a short sale, with the foundation repair bid in the supplements on the MLS. Sometimes "doing the right thing" doesn't pay anything... yet. But she will tell the story of how you helped her many times over, and it will come back.

Best of luck!