Any Ideas

Hi guys,
Just got a lead and was looking for suggestions from all you pros.
FMV 145K
FIRST BALANCE 111K (1075/MO PITI)
4K IN ARREARS
SECOND BALANCE 26K (391/MO)
2.5K IN ARREARS
Was thinking about trying to short the second and assume the first. any ideas, suggestions, or advice would be much appreciated.[ Edited by RRIDL21 on Date 07/03/2004 ]

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