This is the only time I have ever found my self actually hoping to find giant hair balls in the pipes (because my wife and three daughters all have LONG thick hair and they get to deal with it on a regular basis since I have none). 

Really affirming!

I want to change my life I've been doing positive affirmations, meditating, and want to take control of my life but I'm coming from the bottom and my question is IS THERE HOPE?

@Derek Leblanc,the seller needs to either, know, like, and trust you before you will get what he or she feels is sensitive info that you are asking for, or they need to have their hair on fire and are extremely desperate to sell the property.Imagine if I asked you;"What's your Social Security Number, date of birth, Mothers maiden name and any medical Issues you have.Without the proper context, this would create discomfort, and come off as extremely invasive.

If the Borrower re-affirms the debt, I can't imagine a Trustee allowing the asset to be sold and the total debt not be paid in full.  

I am 20 years old, currently working in a hair salon making decent money but just starting out.

He told me if I ever consider PMing to just go ahead shave my head because I'd pull all my hair out in the first year.Some folks are quite successful at it, but I can't imagine you'd be excited with the $/hour return when compared to rental properties.Another option would be to consider investing out of state - you give up some of the control you have, but can get much better returns and pay somebody else to deal with the headaches.

Some bureaucrat will get a hair up their hole and make your life miserable and there will be no way to avoid it except to spend more money on lawyers.

The Mortgagee will not be inclined to take a short pay if the borrower was paid (by you for the Sub2) and if you wait too long to inquire for the principal reduction you will likely have issues with borrower participation.Notate as well, the Borrower who seeks principal reduction may be required by the Mortgagee to affirm they will reside in the property for another set of years.

If he knows he can sell the house for $155,000 why is he willing to take a 40k hair cut plus closing costs?