The debtor still owes the money to the lender.

The likelihood of success is going to depend entirely on how Debtor friendly the local courts are.

A "Short", which can be a "Short Pay" which is a refiance of the current debt where the Mortgagee takes less than the full amount owed for full satisfaction of the debt. Or

It is not a limitation to collecting the debt or again making an attempt to collect the debt, it is setting a time period where abandonment is deemed to have occurred.

And when utilizing private money, either debt or equity, the time-frame of the exit is a function of that private money wanting out - most often rather quickly!

A decent RE attorney should be able to structure the debt or equity partnership.Not to mention, there are 100's of posts / blogs / information about this topic on BP!!!

According to the lawyers representing the debtor, the son has been asked to leave and not even his mom can convince him to leave.

If I had my way, they would be in debtor's prison!

Our Milwaukee County auctions are Monday mornings, so each Thursday this paper emails out an Excel spreadsheet listing each house going through the following Monday and the details on each one including the amount owed, the debtors name, address (obviously!)

Typically do they just offer to pay off there mortgage debt or is it plus some?