In todays Real Estate there are two kinds of sellers on the market those who want to sell and those who MUST SELL. It becomes more evident as we take the time to go through many of the homes that are currently on the market. After viewing tons of homes we realized the Pareto Prinical (80/20 rule) is followed exactly. 8 out of every 10 homes are clearly not priced according to the current market conditions to sell. When interviewing sellers we often hear "My price is what I owe plus commissions" but sadly chances are they will not see an offer because the pricing is incorrect. Even worse most of these sellers are trying as hard as they can but every day they lose a little more ground and many are growing close to foreclosure.
Many people think their only options are foreclosure. But now more than ever there are so many more options. There are companies that can help you get a Loan Modification or if selling is a must there is also something called a "Short Sale". Short sales have gained popularity in the Metro Atlanta market because the market has declined and now good people who must sell their homes who owe more than they can sell for have options.
Use this link to get a full understanding of your options
http://www.thecastleberryteam.com/Short_Sales/page_2196378.html