You can also get a 203(K) loan that rolls in rehab costs. 

@Courtney M.Lot's of great suggestions on the forum:Seller carry/finance: Seller may benefit from deferral of gainsHELOC: if for investment, tax-deductible even post reform401(k)Loan: up to the lesser of: (a) 50k and (b) 50% of account value.

@Josue Velney then those contractors arent very good businessmen . ( unless they are holding first position on a note)   Trusting a person or company to pay after you have  $ 50 K in materials and another $30K in labor plus profit .  

Originally posted by @Matt K.

The original borrower they could go after though for a deficiency is my understanding but it’s a state by state situation.

@Kendrick Victoria My advice is to refinance and pay the debt off, especially if you mean that you borrower money from your 401(k).

@Khenkis K. - there seems to be confusion in this thread between public records data, and private data.

Originally posted by @Phil K.

It has been 19 months past maturity and the deficiency amount he owes me is $190K and growing.

I am trying to buy a triplex ( which im going to convert back to a duplex) and behind this triplex is a single family home (for 50 k cash and I am going to fix up).