I have a short sale offer on a property where the deficiency is 113K. Amount owed is 265K, offer is 152K The 1st mortgage, Hancock Bank will accept the offer with no deficiency but PMI company wants a promissory note of 20K. The seller has not accepted this offer yet. Can anyone tell me if I should try to negotiate this payoff with PMI or is the seller going to have to accept this offer for the short sale to happen. I have not been able to converse with the negotiator with Hancock Bank, I am… Continue