Hello All, I thought I would start here. Back in August 2009 5th 3rd had approved a short sale for a property in Tampa, FL but they wanted my seller to sign a promissory note for like $35K. He has no money at all so we walked. Now the prpoerty is still listed for sale going on 12 months plus with no bites and also with a foreclosure sale date set in May 2010. Still no solid contracts. I was wondering if anyone has any suggesting for negotiating the promissory note? I would think if they get an offer close to the BPO value they would take it negotiate the note down with a sale date set...

Any help would be much appreciated? The file is with a local person so I guess this is a good thing?