I am planning to short sale my home in order to avoid foreclosure. I need to inform my tenants and perfer them move out during the sale.

what are the odds of my bank giving me a lower payment in order to avoid going into default ??
My payments are $3100 per month, MY retirement is only $2000 per month , the money that I was recieving from baby sitting is no longer available to make up the difference, how can I get my bank to give me a payment reduction so that I can avoid defaulting ? what are some other options, I don’t have the money to update the house to sell , I had it on the market 3 times and it did not sell because it needs updating. thanks for your thoughts

If so how will it help me and how will it hurt me?