Banks are against homeowners buying their own personal houses as shortsales, they rather do loan modifications that most of the times don't benefit the homeowners because of their short terrm benefits, for example; many people that got their ir lowered to 2% for just two or five years and this one will start climbing up year after year until it reaches 5%. Not only that but in most cases the homeowner will have to pay all the accumulated late fees on the underwater home amount. My brother was able to shortsale his house and keep it that way by cutting his house loan balance by 60%. I wanted to share some unique great information regarding a company that guided him and avoid foreclosure... Thanks... #links# My websites: What Is A Short Sale?