Does anyone know if it is possible to short sale your house and buy a new home?

How does a short sale affect credit?

Related Topics:

  1. can I rent a house to keep owner from doing a short sale on 2nd home? I found a little house in Idaho that is about to go up for sale with a short sale. I have bad credit but steady income. The house is up for 40 thousand. Can I attempt to rent it from the owners to try and keep them from short selling...
  2. Should I continue to make payments on my house even though we’re about to sell it through a short sale? Our realtor is surprised that we have continued to make payments on our house thru the drawn out short sale process. I know that most people who choose a short sale have already defaulted on their loan, however, we have not. We’ve never paid late. We’re very dedicated to having...
  3. I owe alot more on my house than its worth. Short sale or rent it or forclosure? I want to move. My house I owe $155k and its worth maybee 120K, should I rent it out? Short sale? if Ido a short sale and keep up on all payments till it sells, how bad would it effect my credit? I have a credit score of 721 right...
  4. Offer accepted by sellers in short sale home – but should I continue my house search? I’ve been researching and learning short sales can take MONTHS to complete… so in the meantime, should I continue my search for a house, or just wait around for the short sale to come through?...
  5. Do I lose my credit card account if i short sale my house? I would like to know what,s going to happen to my credit card if i short sale my house. Do i lose it? or can i keep some of them.?...
  6. Difference between short sale and foreclosure on my house? We owe more money than what our house is worth. My realitor is suggesting a short sale or a foreclosure, what is the difference? Which will hurt my credit less?...
  7. Has anyone bought a House that was a Short Sale ? Or made a offer on a house that was a short sale? If so tell me about it and if you sold a house that was a short sale tell me how that went. I need a little bit of hope because my boyfriend and I have an offer on...
  8. Does anyone have any experience in buying a house that is in a short sale? I am currently trying to buy a house that was recently put in a short sale. What is the difference in buying a home from seller as opposed to a short sale?...
  9. Can i put my house up for short sale after receiving a notice of trustee sale? Can i put my house up for short sale after receiving a notice of trustee sale? Is it still possible? How would one go about putting their property up for short sale? Is a foreclosure specialist needed to put a house up for short sale? And if my house gets...
  10. If I short sale on a VA home loan and the VA covers the rest of the payoff will it effect my credit? I can not sell my house for my asking price the market is just to slow now if I short sale my house I will probably have a better chance of unloading it The house is currently under a VA Home Loan which guarantees the lender if I fault they...