Need Advice on How to Finance this Transaction

[Bruce Harding]

This is a townhome in Phoenix.  I bought this in conjunction with my stepson.

The property is in my name.    There is 50K equity in the property - half mine and half his.

He would like to buy this property from me.  The appraisal will come in about $210,000

I am assuming the bank will want him to come up with $40K or 20% down which he will not have - he will have only the $25K of current equity which is sitting there now.

Is there a way to finance this transaction so 1) he can buy this property and 2) where I can get my equity out ?