WAIT, why didn't the LA know they were underwater? 

They need to be phoning their attorney to get this figured out - and now! GOOD GRIEF!

Jeff Pearl nailed it! And where was the listing agent with a net sheet at the time of listing? Just asking!

If we had a nickel for every time we have to say that phrase, we would all be in the top tax bracket. Oh yeah, we are aren't we?

Sound like to me the agent who said she'd get sued was in bad way for her commission at all cost including a vile threat of consequences to the seller. 

And sounds like the listing agent is the one to get sued for misleading the seller, for gross negligence, dereliction of duties and obligations to the seller, dishonesty, malpractice, and shit for brains.

I had a client call me once, while in escrow with another agent and a huge problem. I had sold her the house, stayed in touch and she went behind my back with a discount broker. I said, "I' wish I could help you but I'm no longer your agent apparently and by the way, I'd never have gotten you into that mess had you come to me to list it, good luck and buh bye!"

Yes, very vindictive but I was in shock that she'd betray my services, I got her a hell of a deal on that house in the 2007-short sale days.

Call a great real estate attorney who specializes in short sales. Sounds like the LA was asleep on this one...that should have been known from the beginning and certainly a review of the CD would show the shortage.

 Upside down, underwater, short sale, court-ordered divorce sale, what? 

  And what did the agent mean by, "she'd get sued if she didn't go in and sign"?  Does that agent have a license to practice law, giving legal advice like that?

  Call a lawyer... NOW

An attorney.

Agent Professor in Utah!     ROFL!!!!

"How much do you owe" is one of those opening questions, along with researching the tax rolls before hand.

Ding, ding, ding...an attorney.  But, wait, no net sheet?  And how does a seller have no clue what they are going to net, seriously?  Especially that large of an amount.

Call in the order

1 A real estate attorney

2 Dr. Phil

I have no words! 

My goodness!

What a duffus.  First and attorney, second to the agents broker and third to the real estate commission

An attorney/  A

An attorney with a specialization in handling short sale transactions. What the hell?

I would have said, call your broker/owner.... I would not have given anyone direction if they were not in my office...

You can't fix stupid. Let them get themselves out of the mess they've created. Spend your time with people that want your help.

So sad that people are misled like that - I hope she called an attorney asap

Oh those surprises that jump out of nowhere and now they call a surgeon? Does the generalist know they have called the surgeon? just kidding....Endre

contact a real estate attorney.

Anna Banana Kruchten, CRS - let me guess.... aaaaaa an attorney?

Creating a net sheet is a basic activity when signing the listing. Did the listing agent get licensed yesterday?

That agent is not experienced in default real estate situations, I would contact a real estate attorney that is experienced in default real estate situations. In Los Angeles or in Orange County, California I would contact attorney Paul Horn who is also a CPA.

Short sale --- knowing it iin the last minute.  Poor thing.

I did not know that serious short sales were still happening in your area.\

Time to call an attny.

No idea, I look forward to seeing the answer.

Can't help but wonder what this former agent was expecting of you.  The calls we get are varied, to say the least. You gave the right advice, Anna, as you well know.

...the phone rings.   

Oh geeze.  Some agents shouldn't be allowed to practice real estate.  

A good local real estate attorney.  Shaking my head in San Jose. 

It sounds like that agent might, ultimately, be the one on the wrong side of a law suit.  

Um can you say Lawyer?

Jeff Pearl nailed this one!

How the listing agent did not know they were under water is beyond me. At this point they need a lawyer

You have to admit Anna Banana Kruchten, CRS it's flattering to have a former colleague look to you for a perceived emergency.  ;-)

 I will say sorry I can not help you. Go see your broker.

Legal advice now!!!!

Anna Banana Kruchten, CRS There is only one answer, ". . .have her call an attorney."

As Jeff Pearl answered. 

Too late for help, time to call a lawyer.

I think I'm losing you

CT is an attorney closing state. This probably would not happen that way.

I thought this was a knock knock joke ever but it was no joke Anna Banana Kruchten, CRS 

I think it is a attorney she should be calling

Thanks for sharing this situation.