Mortgage lenders won't allow an unsecured loan to serve as a liquid asset for the purposes of down payment and qualification. 

The deed has obstructed inherited owner (me) from selling and liquidating the property. 

That can be a quick(er) way to secure liquid cash for this deal.

paying off a house is simply trading liquidity for non-liquidity. you'll save yourself the compounding interest but that's at a very low rate.

In my house when the walls are sprayed with ammonia the brown tar and nicotine run down the wall.  

Your credit, experience and liquidity are the determining factors. 

Assets that can be quickly converted into cash are considered "liquid assets."

Now I can't afford wait for the recovery as I'm under contract and need the liquid cash.

I'll give you a bunch of my situation and see what you have to say and also feel free to PM me or I'm happy to help others with this thread as well.So this pas year I went on a bit of a buying spree, liquidated some other assets and bought three single family homes in the 50-80K price range. 

@Jaysen MedhurstWhat if i have the capital ready but want the ease of having no mortage but liquid equity ready?