In the event that the buyer needs to adjust the purchase price, either as an increase or reduction, said adjustment may be authorized at the sole option of the buyer.

This note is secured by a Deed of Trust to ¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬ trustee of sellers choice Short Sale Purchase: $ ___________________. 00Existing Loans which will have a principle reduction negotiated with the mortgagor. 1st Lender: _______________________ Amount owed not to exceed ____________2nd Lender: _______________________ Amount owed not to exceed ____________3rd Lender: ________________________ Amount owed not to exceed ____________In the event that the buyer needs to adjust the purchase price, either as an increase or reduction, said adjustment may be authorized at the sole option of the buyer. Option: $ ___________________. 00_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ I/We, _______________________________________________________, Seller(s) agree to this purchase price and term(s) as indicated within item number II of this Contract for Purchase and Deposit Receipt.____________________________________________________ SellerDate ___________________________________________________ SellerDate III.CONSIDERATION RECEIPT AND SUFFICIENCY: Seller hereby acknowledges and accepts the amount of consideration as the total consideration for the sale of the property to Buyer.

I guess since they are doing it completely in house they could do a principal reduction.

First ugly neighbors create great price reductions for sellers.

Especially when I add in the fact that the house is on a major street and the nicely remodeled house next door that is listed at $355k has been on the market for almost 5 months with numerous price reductions.

With that large of an equity reduction you'll probably have to market to all three absentee types.

Americans have reduced our household debt by over $800 Billion since 2008...I agree things are looking better than back in 2008, but your stat above begs the question, "Is some significant portion of this debt reduction due to Americans getting rid of their personal mortgage debt because of foreclosures?"

I think it works in your favor to list. 1) you can show there was a reasonable effort to market the property with the previous list agent and THEN LIST BELOW THE LAST LIST PRICE 2) BPO agent look at listing history and list price when determining value, so if that figure is in line with your offer, you have a MUCH stronger chance of having the BPO come in where you need it.3) a list agent will do incremental price reductions. this again all builds a case for a listing history.

The wholesale fee is charged to the motivated seller in the form of a price reduction.

I use a 3rd party company to help protest my rental property appraisal values and they take 1/3 of the actual tax reduction as the fee.