I have a client who was not on behind their payments when we first tried to initiate "short sale" in March of this year and Wells Fargo stated that because the homeowner is current with payments "we will not discuss options" so homeowner quit paying...we have had 3 offers since listing and all have been rejected "per investor guidelines" as quoted by WF, and now we have an offer of $120,000 that meets "investor requests and counter offer", but the lender also requests the homeowner bring $3,000 cash to closing [they do not have the money] or sign a promissory note for $6,000 spread out over 6 years....the foreclosure / sheriff sale at courthouse is scheduled for September 06, 2011...should my clients accept this or let the house go back...keep in mind they were current and active with payments when we listed home in March and now Wells Fargo has driven this couple into foreclosure because of their unwillingness to cooperate and we are talking about a a $143,000 loan payoff and a $120,000 "as is" offer that is on the table...curious to any responses. Thanks. John