Deal structure

[Linda Backlund]

I have a possible deal in sevierville, Tn that is completely upside down.  The client called her house was approved for a short sale she owes 215,000 on the house it is worth around 175,000 has not been lived in for a year.  6.5 % interest on the first.  Would you do this deal?  Would you do this deal and if so how would you fix the 2nd and 3rd leins.?

Linda Backlund