Some of these options may include a forbearance agreement, deferment of outstanding loan payments, renegotiating the loans interest rate, which affects the monthly payment amount, even reduction of principal amount and loan payoff date.Forbearance Agreement:A Forbearance Agreement is a written agreement with your mortgage company in which you arrange to keep your home.

Like I said, our expenses are mostly rent and debt reduction. 

I agree with Joel though, even at LP issuance, they're waiting for the magic principal reduction, or hearing thy can live 2,3 or 4 years for free.

The second and maybe the biggest reason is that by doing a short sale the lender is agreeing to the reduction of the principle balance on your loan and because of this the lender will not, in most cases, file a deficiency judgment against you.

Also understand that the agent who has it listed will, once they find out that their seller will sell at a huge reduction, step in and buy it themselves.

After that, the price will climb to the $250 price until the event.We hope that the $100 reduction helps!

Couple that with about $200/mo in principal reduction and it ends up being an ok investment of roughly 10k.

Well, my read was that over time, accounts that had gone without activity would receive a reduction in their influence, so this one rather than being at 50 should be more like 0 - or even below!

And your example gives too much weight to the possible reduction...

Eric I respect your opinion but do not agree with the (ludicrous) remark.Every time I here this flat fee scenario it is the same as the FSBO.Simply put if it was that easy EVERYONE-EVERYWHERE would use a flat fee service.I do not know the types of properties you are selling but I suspect they are very well done rehabs priced in the middle to lower pricing to sell fast.In that case as I mentioned the price and quality will draw buyers and agents in regardless of the commission as appraisal is usually easier.I don't see this as all the properties on the market.Many properties have unrealistic sellers and buyers.This requires multiple price reductions,appraisal issues,more negotiations,etc.