Owner Finance... I am confused Help Please!

[Azah Che]

hello BP community. This property has been brought to my attention and I am a little confused on how its going to work out. There is a lon of 135k on this property and they want me to bring 12k to the closing table. The owner says she is willing to owner finance and the wholesalers say they will be working with a title company that will also help me transfer title once I have found the end buyer. The thing is it legal for a title company to transfer owner of a loan to a new buyer from the original owner and also is there a possibility of a positive cash flow on my end?

PrOperty details

ARV $228,000, Asking $12,000 and Repairs=$45,000. Please help me analyze this deal. Thanks!

[Natalie Kolodij]

I'm also now confused....

The owner can't  really owner finance to someone- they don't own the house to sell, the bank owns $135k of it 

A wholesaler brought you this property 

Wants you to pay $12 

And then wants you to find an end buyer 

And then the owner will sell to that end buyer as owner financing? They won't let you just transfer the loan over without a new buyer qualifying for a loan....

And what part are you getting paid for if you're paying 12k?