Interesting Situation

[Whit Mcafee]

I came aross a 3bed 2 bath manufactured home with a large 2-3 car garage that needs a complete update inside and out. I went to look at the property with the owner and he told me the bank actually owns it and he still owes 117k on the property. It sits on a 1 acre lot wich in my opinion is worth more than the house itself. Is there a way that i could wholesale this property even tho the bank owns it?