Taking Over a Loan

[Eric Espindola]

Good Morning Bigger Pockets

I'm screening and researching a deal that I want to take advantage on. There's a house up for sale but the owner currently has an outstanding mortgage loan. Although it has some equity but, it's very low. I want to ask if any of you have done deals on these types of situations. What would be your recommendation to take over the mortgage payments? What is the process to conclude and close a deal like this? Will the bank need to look over my financials to see if i can do it or can i have the owner finance it until i flip the house? Thanks for taking the time to look over my questions.