Wholesale Deal Analysis - Westchester, NY

[Mijin Kim]

LEAD ANALYSIS: WHOLESALING A PRE-FORCLOSURE PROPERTY

Hope everyone’s having a great holiday weekend. I would like to get some opinions from experienced wholesalers and other investors on this wholesale lead I came across in Westchester, NY.  Based on the given conditions including financial situations, I am thinking this is NOT a deal and should let it go. But before I conclude so, I am wanting to make sure I am not missing potential strategies that could possibly save this lead. 

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HOUSE CONDITION:
- BUILT 1969
- TWO FAMILY:

           - UNIT 1 (OWNER OCCUPIED): 3 BED/1 BATH 3 PLUS FINISHED BASEMENT WITH ADDITIONAL BATH

           - UNIT 2 (TENANT OCCUPIED): 3 BED/ 1 BATH, MONTHLY RENT $1900

- HEATING: HOT WATER HEATER WITH GAS (FURNACE REPLACED IN 2007)
- NO PLUMING OR ELECTRICAL ISSUES NOTED
- A/C: WINDOW UNIT
- WINDOWS REPACED 15 YRS AGO - FINE, STORM PROOF
- KITCHENS UPDATED 2001
- ROOF OKAY

FINANCIAL STATS:
- CURRENT MORTGAGE BALANCE: $431,277.28

- MONTHLY PAYMENT PRIOR TO FORECLOSURE: $3267.98

- BACK PAYMENT AS OF 04/16/19: $41,208 (IF PAID, LOAN WILL BECOME CURRENT)

- ANNAUL TAXES: APPX. $17000

- SELLER HAS NOT BEEN PAYING MORTGAGE FOR THE PAST 10 MONTHS (SINCE JULY 2018) ACCRUING A TOTAL OF $8528.16 (APPX. $853/MONTH IN FEES/FINES)

- ARV : 630K

- REHAB COSTS: 80,000

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I have considered Sub2 strategy as well as cash purchase for the end buyer, but it just doesn't seem to work due to the high mortgage and low equity. I'd appreciate it very much any input either confirming my thought or pointing other potential ways to save this lead.

Thank you so much!