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?