When an heir becomes administrator of 2 estates on one property that had 4 owners as tenants in common, 2 of whom have died (hence the estates), how does the administrator pass the deed to a new buyer?

I think what you are talking about is a loan modification, where the lender marks the pricipal amount of the loan down to the property value (the current administration has been pushing this for the last year and one half).

I'm a long time teacher, coach and administrator who would like to become involved in real estate investing.

Petition the court for administration of probate.  

Reagan eliminated those great mortgages during his administration along with writing off interest on credit cards, auto loans, and extended income averaging.

Until the USSC finally make a ruling, instead of just an opinion, the current administration (and our governor) is going to keep the moratorium in place forever.  

Before the kids, I provided provided administrative support and I also did commissioned sales in a department store.

{Administrative Note}:  I have removed your cross-postings.  

BTW: The S.A.F.E law which is going to screw with the carry backs was pushed through congress by the (BIG) Business Friendly Bush Administration.

The position is as an assistant listing manager, doing a lot of data entry and administrative functions.