Need Comment On Possible Deal And How To Proceed

I have been approached by somone that is facing foreclosure, it may be too late, or not something to touch, but thought I would get some opinions on how to / if I should proceed. House was purchased 10/1999 for $99,000 She says she now owes: $120,500 as of 10/2004 She has a bankruptcy filed for: $8,500 as of 10/2004 Comps in this area are selling for $145k She just wants out of this mess, and is now having payments garnished for mortgage: approx $1000/month. She is at her wits end, and does not know what to do. Would this be a good deal to do lease / purchase? Purchase subject to? Assignment? Anything I can do to stop/reverse foreclosure? Just thought I would ask for some advice from those that have seen/done similar deals? Any advise you can offer would be great, Thanks Tim