Creative Deal Structuring

[Tom Bujnowski]

Probate 4 unit. Executor wants out and doesn't want anything. These are the expenses and debts attributed to the estate...

$100,000 5 credit cards of $20k each
65,000 HELOC loan on the 4 unit
12,000 Funeral expense

With this debt of $177,000 the numbers don't work. Is there a strategy someone has used where they buy the house with the idea of negotiating with all these lien holders and getting them to accept pennies on the dollar to cancel the debt.

I'm looking to buy the building as cheaply as possible. My attorney is telling me to tell the seller/executor to try to negotiate with the lien holders. But they don't know how to do that.

I know a guy like Pete Fortunato would be able to make a deal out of this. Anyone have any idea how I can purchase this property creatively at a discount?