How to help a friend get out of her condo?

[Andrea Castor]

I have a friend who purchased a condo at the height of the market. Purchased for $70k and 6 yrs later has paid mortgage down to $63k. She has since gotten married and moved into her husband's house. She has tried to sell 4 times, with 4 realtors in the past 6 yrs or so. Hasn't sold so she continued to rent it out. It's in good shape with no major repairs, is clean, but needs updated. Top market comps would be $80k, but she has no money to bring to closing and no money for updates. She's been renting it in its current condition at a lower $700/mo just to rent it out quick and break even on her mortgage each month, BUT she continues to have renters move out before their year lease is up. If the condo was remodeled she would have no issue getting $900-$1000/mo BUT she has no money to remodel. She wants out and done. What are her options? Come January she will have no renters, no way to cover her mortgage payment, and will have a hard time selling it at $63k + realtor fees to break even.