Discounted Assignment Of Mortgage-Collect Full Face Value

1st-$50k
2nd-$39k shorted to $15k
Judgment-$25k- discounted to $12k


The 2nd mortgage proposed that I buy the note outright as an option...can I agree to this and pay for it at closing to get cash out? I want to have it assigned to me for the $15k and collect the full payoff $39k at closing..pay off the 2nd's assignment consideration and have $24k left for repairs...is this legal?? I would be the noteholder. Can/Should I do it with the discounted judgment or the discounted 2nd?? The max 6% concession of my lender is not enough for repairs and CCs and I don't want to do an "escrow holdback". I have never thought of this as a way for cashback. Hmmmmmm......
Thanks 2 u all!!!!

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