The buyer is a close friend and I feel absolutely terrible that this has happened.

In the meantime you may want to refi out of that loan If you have over a 650 credit score you can get a stated income loan no financials needed

If they default it will go on your credit.

If for some reason you end up looking at HELOC, at my local Credit Union they have a HELOC that is about 4% right now that moves with Prime, but can be looked at any time with up to a 10 year rate lock. 

However, inheriting a longer term lease is terrible.

She can also help with getting your credit ready which is something to look into well in advance of looking for financing. 

It's hard to believe that area was once terrible. 

Often times, these "30,000 pigs" as many on BP call them, are terrible investments. 

certified appraisal) $30 credit report $15 flood certification $400 appraiser's fee $400 doc prep Approximately $450 for a full appraisal from our pool of third party certified appraisers.

The following is what we can offer:Over $110,000 cash$17,000 in credit line at a home improvement store (thinking about opening another credit card which will probably offer the same line of credit)Our home has around $80,000 in equity.We both have great credit scores.I have a friend who’s a Realtor and has flipped three homes and is now in wholesaling.