I was under the impression (I could be wrong) that some banks were only approving Short Sales in cases of distress. They were trying to avoid strategic defaulters.
My friends had to give reasons for the short sale to their bank. They had to show hardship.
Whether that makes sense or not, is irrelevant… It is what is happening with some mortgage servicers.
I agree completely with the discussion of entitlement. I hear so much talk about how 16 year old kids NEED their own cars. Kids don’t walk to school or take the bus anymore. And their parents NEED that 3500 sf house for a family of 4. It’s child abuse if kids share a room.
