You will need to look at the terms of the note. How long did you have the loan? Was it a negative amortization loan? Ask the lender.
The answer to your question depends on the type of mortgage you have. If you have a loan that is amortized over 30 years then the answer is no. If you have a loan with "negative" amortization then the answer yes!Call your lender. They will tell you the payoff on the phone. Good Luck!
We real estate agent's have a saying in this business. "Nobody owns a buyer". When you see a sign go up on front of a house, that seller has signed a contract agreeing to pay a commission to that agency upon the successful close of escrow. The lsiting agent in turn agrees to share that commission with any agent that represents a buyer. A buyer, unlike a seller has no contractural obligation to work with the lisitng agent.
A short sale occurs when a borrower owes more on the property than the market value. When the borrower sells the house and there is not enough money from the sale to payoff the debt held against the property, a short sale is the only way to close an escrow. A negotion takes place between the borrower and the lender and should the lender agree to take less than they are owed, a short sale is possible. Not every agent is capable of managing a short sale. Look for a Certified Distressed Property Expert (CDPE). It is important to work with a real estate broker that has the knowledge and the experience to get the deal closed. Just being able to explain the process is far from getting it done!!