For purchasers of property unable to make payments as required by the obligation, a purchase price reduction may be a possible solution. If the debt of an original purchaser of property is reduced by the original seller of the property, the adjustment is treated as a purchase price adjustment and not as a discharge of indebtedness if the debtor is solvent.
Harl, Neil E.
"Forgiving Principal in a Purchase Price Reduction,"
Agricultural Law Digest: Vol. 3
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol3/iss10/1