If I sell my house for $33000 less than i Owe without a short sale can I negotiate monthly payments with the bank for the balance?

It depends on whether or not you had reached the stage of foreclosure and what bank you are dealing with.  If you go on a short sale, and the foreclosure process has started, you need to deal with the attorney that is doing the foreclosure.  The bank does not want to end up owning the property and may work with you.  If you do the short sale, its also up to the bank to get a deficiency judgment and you may negotiate with them at that time.  Good Luck !!