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I'd like to know why the banks prefer to sell a house on a short sale than lower the principal for the owner?

Posted by Real Estate Investor on Jun 28 | Real Estate Investing Chatter

I’d like to keep my house but the banks prefer to sell it lower than give me a reduction on the principal, more 

and CAN'T LIVE ANYWHERE, PLEASE HELP?  My boyfriend and I are currently living in an apartment which is very expensive by the way. Our contract ends in December and our rent is going up $40. We feel like if we are going to spend that much money we might as well get our own place and actually OWN what we are putting our money into. We tried to get a modular home, couldn’t get financed for that much money. We tried to get a double wide manufactured home, didn’t get financed for that much money. We are trying to get a single wide and they said we can get financed, but only if we put a huge down payment which we can’t afford. So basically we can’t find a place to live! PLEASE GIVE ME SOME ADVICE. WHAT SHOULD I DO? We need to get out of this apartment., more 

and Should I stop paying my mortgage prior to requesting a Forbearance?  My husband and I are looking to get a temporary relief from our mortgage while he is getting a new job. We looked into getting a forbearance in the past, but since we were current with our mortgage, they didn’t really get back to us.
So- do we have to stop paying our mortgage for a month or two before they take us seriously? We are in a house where we wish to stay (possibly forever) so aside from getting a car loan (which we plan to do now before our credit gets affected), we are not too concerned about our credit score, since we have what we want.
The other question is- will our credit cards be shut down once we start missing mortgage payments?
Thanks for any help., more 

i submitted an offer on a house and now arent comfortable can i pull out if accepted by seller?  , more 

and My father-in-law gave us a timeshare as a gift for our wedding but we dont want it. What to do?!?  He gave us a deed to the timeshare and said “congrats”. However, my wife and I are trying to buy a house and dont have the time nor do we want to exert the energy to deal with this timeshare. We never signed for it. There is just a document saying that the property has been transferred from the owner to us….but again we didnt sign anything. Its not like people can just draw up a document saying that so-and-so is the owner without their knowledge. what can we do….simply not accept the gift from the father-in-law thus dooming family times for the next two years?!, more 

Tags: bank owned, repossessed, real estate investing, property listings