Hi Lynn v.
I'm guessing other investors have other options too. This comment may get the process started
This may or may not be the best and fastest way, but what if you formed a syndicate for investors who would purchase this property? There are many people who want higher returns than from a bank.
Another option is to market for qualified buyers. This is probably faster and easier. Put ads on Craigslist, Linked in, Facebook and other sites and keep track of all those leads with a sales lead manager. Call those leads and find out what they want in terms of price, property and location.
Its about finding the money. Call mortgage companies and ask them what deals they will finance. Ask them who qualifies for such this mortgage. If its commercial, its all about cash flow.
If you have an exclusive right to sell the property for a while, the property owner may become more motivated as the property doesn't sell. Find out what they really want out of the deal. They may become more motivated as time passes. When they are be ready, but don't move too hard or fast.
Eric Hiltner email@example.com
Jan 1, 2010