And we certainly don't want it all at once because we're paying 12% on the money.So now its Friday night, lawyer's offices are closed & I'm sitting on a whack of cash that I don't want.Looking for suggestions from the BP community.

I have funds sitting idle now for the second year. 

I do not want to sell it but am unable to pay mortgage and just have it sit there empty.

FHA gets a "bonus" since even 4 family units are allowed to be 3.5% down...Generally, nowadays investor properties are 20% to 25% down as I recall depending if its on teh purchase or on a refi (latter is definitely 25% down / 75% ltv)But, I think back to your question...  

Yup, basically I think the only thing left is the outer cover and boxframe that it sits in. 

Now you need to stop letting it sit there and remarket it and get tenants in at a lower rate so you can get money.

As I recall, if there is a redemption period, the owner IS actually purchasing the property back (for the back taxes and probably some fees).

I owe $60k in taxes (I’ve lived in Nevada so long I forgot MN would come after it’s $20k.) and I have $200k left, sitting in the bank earning $15/mo. 

But I wouldn't just sit on the sidelines. 

Whatever you choose, it's always worth taking the time to sit down with a professional to evaluate your options taking the rest of your financial situation into account.