Good luck, Sherri!
A purchaser; a buyer.
"All contracts for deed executed on or after January 1, 1984, shall be recorded by the vendee within four months in the office of the county recorder or registrar of titles in the county in which the land is located. Any other person may record the contract. "
This sounds like the buyer was responsible for this. And now wants out because he/she violated the statute?
Am I missing something?
Some alternatives might be for you to approach your seller/lender to do a loan mod, to discuss the possibility of a short-sale, or to take the deed back in lieu of foreclosure. Another alternative--if your seller is open to doing a lease-option--is that I (or other investors) might be interested taking over the property.