Buying out a 2 year land contract

[Enrico Mariani]

Hi everyone, I have a question about financing a property that I have under land contract.  I'm 1 year in on a 2 year land contract for 4 units.  The units are located in Massillon, OH and are separated into 2 duplexes on the same parcel.  I decided since I'm one year in that it's time to start looking into financing to buy out the contract.  I've talked to four financial institutions so far and they have all told me the same thing... the parcel needs to be split into 2 in order to get financing (one duplex on each parcel).  My question is, should that be my responsibility (pretty expensive) or is that the responsibility of the person I have the contract with?  The apartments are positive cash flow so I would like to keep them but I am under no obligation or penalty to keep them.  I would appreciate any advice or opinions.  Thank you!