General question that might help @Nicole Baten, would seller financing be an option to unload the property quickly another local investor or would that not be advised because of due on sale clause? 

So the banks that have been sitting on these foreclosures can now unload them in a relatively hot market.There are still good deals out there, but they may not have boarded up windows and smelly carpet.  

And unloading them will be easier from tax point of view as well.

It seems as though the landlord is somewhat motivated to unload it as opposed to fix and keep it.

It sounds to me like refinancing with a bank at 5% is a much better option to get the private lenders off the hook and you could move on and either rent afterwards or try to unload it again once the market picks back up come spring time.

Don: I think in Brooklyn, New York since the investor competitition is so fierce that the seller who has a property who has a lot of equity and the property was located in a good neighborhood knew that he couldn't waste any time in unloading this property.

Best bet is to go to your local lumber yard and ask for suggestions while you are purchasing something from them.

The feedback from Chris seems to be most are looking for a place to unload cash and not leverage.

It's the lumber yard, dumpster company and roofer that I am concerned with.

Our realtor's broker knew a family who was looking to unload a property that was in a trust as part of an estate.