Hello all, After a six month paper shuffle with Ocwen for a short sale approval, we got news today that the deal will go through but only with a 30k promissory note to Ocwen, or a 15K cash from owner. Does this even sound sensible? If I had such cash, I would not be requesting a short sale on property. Now, the property is over 100k underwater and Ocwen hasn't received a payment from me in eight months. How do I fight this? I am not paying anything to Ocwen. We are in an area that has yet to recover from the financial blowout of 2009 and I get nothing from the short sale. Not a dime after owning the house for about 15 years. Also, is the deficiency law still in place? If this goes through by some miracle, do I get taxed on the "forgiven" amount? Need information ASAP. Ocwen of course wants an answer in three days or deal is off. Go figure!