But..there are no extensions if you do not close on time Sincerely John Lee

Might not be the one you want, but I will take a shot at it.Now that you are in this situation, lets see how we can help.You should try and go back to the HML and ask them for an extension because of the circumstances and situation.Find a family member or friend who will be will to loan you the money with EXTREME stipulations.Also go back to your dad and explain to help truthfully what you have done and see if together you and him can put your heads together and come up with something.

Mostly my buyers fault , Homeq decided to keep his extension money.

I would love to get another extension , so I can blow this buyer off and got back to one of the full price offers.Have you ever seen a ss go through once the seller filed bankruptcy.

I Might be looking for my third extension.

They have an extensive real estate investing section, but I've never seen a request for donations there, either by the moderators or the members.

. = 3000.00repairs needed 7000.00 (rent ready)Rehab cost 15,000 That was until today... now I have new contract stating 14,000 from mortgage being assumed and 15,000 going to seller on promissory note with 2 yr ballon.( plus extension if needed) So my question on exit strategy is still up for your opinions.How would others like to exit if it was there deal?

You can get extensions, but its not always easy, and some banks will give you a very hard time about it, even so much as making you pay for an extension.

It sounds like they do extensive marketing at not cost and I have no desk fees or MLS fees.

I'm actually thinking that the most optimum thing to do is... 1) set up a good money making activity ahead of time... 2) just pull the money out of the IRA on Jan 1st 2010... 3) put it into action (example: buy a little business with decent income)... 4) I won't have to pay taxes on IRA until April 15 of 2011, so get an extension until Oct of 2011 and I've just deferred taxes on the IRA money for close to 20 months... 5) I will have made money from the business I bought and can use some of that to pay off the taxes owed on having pulled the IRA... 6) Now taxes have been paid on the IRA money I took out and that money is now mine to do with as I see fit.I know this may seem wild or unconventional to some.