Never accept a payment plan from the bank - Let’s say you owe $250,000 on your home, you bought it for $278,000 and it is now worth $150,000. A $100,000 difference in what you owe the bank and what the home is worth. A buyer contracts on your home for $150,000 and the bank agrees to the short sale, agrees to waive the deficiency but comes to you and asks for you to come to closing with $5000 or take...