How would you help this homeowner?

[Shaun Roberts]

Hello everyone!

And Thank You ahead of time for your responses!

A friend of mine has spent the last two months attempting to sell his house through a traditional real estate agent, with no luck at all.

He knows my interests in REI, but I needed some more experienced investors to assist.

Here is his dilemma:

a. Bought a new house for $225,000 back in July and moves in on September 16, 2013- this upcoming monday.

b. Borrowed $47,000 {20% }from his parents for the downpayment.

c. The house he is selling has an asking price of $125,000.

d. He still owes $65,000 on a 10 year mortgage.

d. He and his wife are both employed, but may not be able to afford 2 mortgages for very long, if at all.

e. He was hoping that the sale of his house would allow him to pay off his previous mortgage, pay back his parents, with some left over for new furniture.

* What I am is asking is if there is a creative solution to his problem.

** And lastly, I don't want to sound greedy, but I am in need of some additional funds for my own REI projects... and wouldn't mind getting some kind of compensation in there as well.

Please let me know if there is any additional information needed!!!

Thank You... Shaun