Just spoke with a lady who called one of my ads, she's about to go into power of sale, and a little desperate to sell. I'm not too familiar about how I can be creative with POS since she's behind 20k on her payments. In total, (1st and 2nd mortgage) she owes, 245k, and is telling me the house is appraised last year for 255k. Their listing it around 270k to pay realtor fees bank fees etc. She can cancel the agreement with the realtor if she can sell privately.

I definitely don't have nor want to come up with 20k and try to do a sub2, nor will she be able to accept payments to do a SLO. My realtor is pulling comps just to confirm the value, she said she would sell for 250k to me, but I don't think there's enough equity to make this deal work. If the values do come in around 270-275k, it's worth trying to tie up and do an assignment, of course, I wouldn't feel to good about myself either tying up a power of sale and being unable to deliver. Anyone have experience with POS, or some creative ideas, I would greatly appreciate your input.

Thanks
Steve