You refer to "my broker" and "the broker" throughout your posts without much distinction.

There is a distinct area of our city the has a greater number of house fires and interestingly the police department crime map overlay indicating high crime rates is almost identical.

I believe that the distinction lies in that it's a short sale, and that the negotiator is convincing the lender to forgive debt, and the lower price can result in a bigger deficiency or tax liability for the seller as well.

I do have a no smoking clause, and am familiar with the scent, not to mention screaming "WHO WANTS TO GET HIGH?"

There are 11 distinct income streams in a profitable management business.  

They're selling their position in the contract, not the property itself.Kind of a fine distinction, I grant you - it seems to escape a lot of folks.Even here in Illinois, most REIA folks think of an "A -> B -> C" flip without the "B" party adding any value when they think "wholesale"."

It is an important distinction, though, if you are living off of passive income or not generating enough earned income.

However there is a distinction if the capital losses came from the sale of real estate vs. other property.

The distinction here is yes, the UPB is the amount of "unpaid principal due on the loan" but that is not necessarily the same as "the amount due the holder".  

There is (obviously) a distinct and profound factor of leads that NEED to sell vs WANT to sell.