Loan Payoff

That's up to the lender.

Thanks you for your reply Ashley. I would assume as much... Has anyone's experience during negotiations given them the impression that lenders are as willing to accept a reduced loan payoff as other modifications? Or is a reduced loan payoff not as financially attractive option for them?

Thanks.

There are lenders out there that are willing to do a debt forgiveness, which basically wipes out part of the balance, but that is usually on their 2nd mortgages. I haven't heard of 1st being paid off for a smaller balance.