Please, Short sale and note negotiation experts only?

I hit a client who wants to do a low sale, though a debt comparative manoeuvre is to enthusiastic (34%). These people hit a bag with a marketplace worth of 400,000 though an seductiveness usually loan of 650,000. (negative 250K)

They wish out for kinsfolk reasons. The loans hit been much that a bank should not hit a inadequacy visualisation oppositeness them. (They live in California (a non-recourse state) as substantially as a 2 loan hit been non-recourse loans).

The thoughts hit been to only travel away, if they can’t do a low sale, as substantially as be foreclosed on, though they advert to hit a low sale.

Has any digit worked with a bank in this situation? My thoughts, if a bank work with them, a bank do not hit to equilibrate an digit more 40K in foreclosure costs as substantially as mislaid payments for 9+ months.

I’d adore any suggest of thoughts upon this situation. Wells metropolis binds a initial as substantially as 2nd note.
Thanks though they will not embrace a sovereign levy check since of a Debt Forgiveness action of 2008-2012. The do assimilate that they will hit to equilibrate California state taxes, that is over 20K.