Wholesale deal loan mod or wholesale

[Nathaniel Bradley]

Today a motivated customer calls my business line and emphatically states that he is newly married and "needs to get rid of his home and is facing foreclosure."

Here's the details :
two mortgages for $78,000 total
ARV $120,000 repairs around $10K
$3000 behind in mortgage payments
$1000 in lawyer fees

Possible options :
Ask seller to do a loan mod to reduce sell price and stop foreclusure
Sell at $78,000 and try to make a profit

If I reduce the sells price the profit margin increases so I want to do a loan mod. I wanted to put this out there to see if I was thinking through this properly.