I have recently taken several short sale listings. In both cases, the sellers were up to date on their payments but were pretty much out of cash. Their houses were seriously upside down and they knew they were going to lose them one way or another. In both cases, they asked me, "should I stop making my payments?" In one case, their payments were about $5,000 per month and the other was $3500 per month. Assuming it takes 4-6 months to get the property closed and sold, that amounts to $30,000, not counting property taxes saved.
Obviously, I could not and would not offer advice. I explained that this was a serious question that they needed to discuss between themselves since it was both a financial and moral question.
What do you tell your clients???