My first lien is for $110K my 2nd is for $30K. I have an offer for $90k. The 2nd lien wants the full $30K (promissory note) or they will try and collect. The 2nd lien has went through several banks and is now with an “aggressive” investor. My Realtor suggested start with a promissory note of $50 a month. However, this doesn’t make sense to me as it basically means they still want a note saying I still owe $30K and will be paying $50 for the rest of my life. They are getting $1K from the initial short sale deal. If I don’t give a promissory note, this means it will probably go to foreclosure in a couple of weeks. Do I have a better chance of debt forgiveness if we go to foreclosure? Would they eventually take me to court? What should I do?