Interesting thread, hopefully I didn’t read it too fast. Let me coin a new term “Lien in Lieu”. This would be where the bank agrees to accept a Lien for the underwater amount or more. If I was the bank I would rather have a lien,someone paying something,and not have to pay for eviction/foreclosure/real estate fees. On the books it would appear essentially as an interest free loan I guess,payable upon sale of property. Thoughts? I know interest free loan is not in a bankers vocabulary,but these are dire times for many folks.