A seller financed my deal, now they are sick and want equity

[Padric Lynch]

What's the right thing to do in this situation? A seller carried the note when I purchased her property last year. She called a couple months ago to tell me that she has cancer and that her life has changed so she wants out of the seller finance agreement. It would be a financial burden for me to pay off the note with my own funds. I do feel for her, and she has been great throughout the years I've known her, so I do want to try and come to a win-win decision. I was thinking that I could possibly make a large payment towards the note in exchange for reducing the principal balance. Ex: I pay 40k, but we agree that it reduces the principal balance by 60k. Any ideas that might be beneficial for both parties?

[Patricia Steiner]

I agree with everyone who has posted before me...and they all say this:  she was there with the seller financing when you needed it; it's your turn.  Go get your own financing; find her a source that will buy her note.  Your turn to be the hero here...