I already check with them.
They will only offer 60% of the appraised value. Due to the devaluation of the house, it is now worth just under what I owe. So selling to them would leave me with 40% of the mortgage.
And I do have a guy looking into a short sale.
A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort. (Herm Albright)