Is it possible to get the REO lender to sell on a short-term note?

[Chris Ukachukwu]

I am looking at purchasing a SF REO property that needs about $7K worth of repairs. Seller (lender) is asking $11K and would sell to me for $5K but there's a catch. Property was sold for tax liens (about $15K) and redemption expires in July '11.

I'm willing to pay cash for the selling price but have no $$ for the lien redemption. Is it at all possible to convince the seller to give me a 1 yr note? Alternatively, can anyone find a note investor to do the deal for me it over 5 years or so?

Thanks!