Posted by PBoone on March 05, 2000 at 16:44:57:
From your information it sounds like a second position or worse “no/low money down sale” note. Right? ok here are a few ideas.
Go to the borrower and offer the note at a discount. or trade the note to someone who has something of more value than what you are getting offered. or look for another property and use the note at full face value as the down payment. or adinfinitum