He's upside down on the loan.The lender, after a thorough exam to be sure he's not hiding other assets, agrees to let him sell it for less than he owes and forgives the balance.Short sales can be a great deal, but they can take anywhere from months to years.  

Just sharing my mistakes so people can learn the easy way instead of hiding like a coward. 

You don't know what your going to get when you see the worm, it hides and goes away for a few weeks, and when it comes back it can and does easily flutter away.  

Hey Saj - Quick note, Wells Fargo might have hidden overlays saying otherwise, but in general you can use HELOC funds for down payment, cash to close, reserves, etc, without seasoning it, or hiding it, or anything else.

I agree that if you can't post your picture and give people information telling them what you are interested in, your experience and how you can help others or how BP can help you...hiding is worthless and should be banned/deleted!

You will spend more time running and hiding.  

Reason is it looks like money laundering, or other money hiding fraud actions.

They probably have been hiding what they have been going through from friends and family due to the shame and stigmatism that's attached to it all,  I have a fellow investor who is a realtor who's family owned a construction company.

"I wanted to rent that place really bad, it had everything we wanted, bed bedrooms, beautiful deck, close to work, the price was right, but you know there was something they were trying to hide about those toilets,  all the lids were down, and I wasn't sure if there were stains in the toilets, that place was perfect too.

Which would be $2,500.Then there are, according to fha.com:• Lender's origination fee• Deposit verification fees• Attorney's fees• The appraisal fee and any inspection fees• Lender's origination fee• Cost of title insurance and title examination• Document preparation (by a third party)• Property survey• Credit reports (actual costs)• Transfer stamps, recording fees, and taxes• Test and certification fees• Home inspection fees up to $200"Allowed in an FHA refinance loan are wire transfer fees, courier fees, reconveyance fees, and fees to payoff bills."