Need help structuring this deal

[Gerald W.]

Hello all!

I have a motivated seller (from Craigslist, btw) who wants to sell his house to avoid foreclosure. He says he's not in foreclosure yet...only forbearance for the next few months. He owe's about $3,000 to bring the payments current. The ARV of the house is about $77,000 and he says he still owes $60,000. He says he 100% wants to get rid of the house and only wants to pocket $2,000 after all is said and done. Additionally, the house is in good condition and has a brand new roof.

I was thinking a sub2 deal was the best way to go (if seller agrees, of course)...is that correct?  Did I provide enough information to get guidance on this?

3/1, central A/C, brick/sheet rock, new ceiling, 882 sq ft.

Thank you all in advance for your expertise!

[Gerald W.]

No problem @Jared K..  I appreciate the info.  This is stuff I need to know to be successful.  Thanks.