Ok, me and my wife have been trying to buy a home my sister owns, she is moving away and the homw is perfect for our family. The home appraised at over $200,000. She only owes $71,000 on the home. We are having trouble getting approved for a mortgage which i knew we would, weve been working on getting our credit back up but were not quite there yet.She has given us two option, purchase the home for $160,000 which is a great deal, the house is only 5 yrs old. Or take over her mortgage. Now ive been reading on here about assumptions and other ways to do that. But if we have to be qualified for that with our credit it wont happen just yet. Is there any thing else we can do? With the amount she owes on the home which is very low campared to what the home is worth, is there any other options we have her...desperate for help.