Potential wholesale deal

[Meshael Eady]

Hi,

    I had a talk with a very nice lady who owes between 300-500k (and counting) on her East Flatbush single family residence. She also owes the sanitation and water companies at least 20k (these were the ballpark figures she gave). Lucky for her she's already got an offer of 1.5 million dollars  However she does not want to sell her home. She says it's because she has a big family and knows she will have to downsize to a smaller house for a lot more money. I believe it's way more personal, possibly there is some sentimental attachment.

  My question is what are her options? I believe there is only one and that is to sell ... FAST! But i obviously have a biased opinion. I wanted to get the options of people who have nothing to gain and know much more than I do. What do you guys think? If selling is truly her one and only option, how do i tell her? Thats the most terrifying part because i was referred to her as someone who could help. YIKES!