Hi Seller 2,
I don't understand why your agent would lower the price on the MLS without your permission. Your agent or his Broker (Manager/Supervisor of the Office) would have to change the price in the system.
It was probably just a mistake or misunderstanding. It would not benefit your listing agent to do that knowing that you can't afford to sell it for the lower price.
However, if you owe a mortgage amount higher than your home's current value, you could possibly short sell it. A short sale is where you get the mortgage company to accept less than the mortgage balance and release you from the balance of the debt. This is a much better alternative than allowing it to go to foreclosure.
If you don't have to sell right now, and you can't currently secure an offer that satisfies you, I suggest you withdraw the house from the market and stay there or rent it out to cover the mortgage payments temporarily until the market conditions change in your favor.
I would suggest you call your agent and schedule a meeting to discuss the situation. I doubt your agent wants to waste his/her time marketing a house that you aren't willing to sell at current market value. Realtors want to sell properties, not upset their clients then never get to the settlement table. Most Realtors wish to keep their clients happy and protect their reputation. I'm sure you can get this resolved pretty quickly.
Good luck with the sale of your house.
All the best,
Realtor, Property Manager
Your Real Estate Resource For Life
Cell: (267) 254-7994