Posted by tang-0-rang on March 09, 2000 at 10:01:45:
Why not try to find a Buyer for the property and sell it at the 55k or better, using a simultaneous close. tie up the property with a deposit, or contract with a few back door clauses to avoid legal problems. Find a seller who can get financed without problem, use this to pay your seller and voila…money in you pocket…deal on the shelf.
just a SIMPLE answer, I am sure one of the more experienced investers can handle the best or most profitable answer.