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im doing a short sell on my house, can i still purchase a new home if i can afford the payments.

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rodriguwill Joined: 30 Apr 2009 Posts: 1 1.00 Dollars($)	Posted: Thu Apr 30, 2009 9:43 am    Post subject: im doing a short sell on my house, can i still purchase a ne Like 0 Dislike 0 im doing a short sell on my house, can i still purchase a new home if i can afford the payments....i purchased a home for $603,000. im not able to keep up with my payments i tried everything with the lender. if i do a short sell, can i purchase another home that is affordable to me.
JKennedySLG Community Expert Joined: 01 Apr 2009 Posts: 408 Location: New Jersey/New York 20.05 Dollars($)	Posted: Thu Apr 30, 2009 12:21 pm    Post subject: Like 0 Dislike 0 Are you doing a short sale because your behind on your mortgage or in foreclosure? This will kill your hopes of financing another property. We need to know the reasoning behind the short sale aside from not being able to keep up with payments now. I hope this helps... _________________ James Kennedy New York/New Jersey (732)979-7409 Hard Money & Stated Income Loans First Time Home Buyers (540+ Credit)

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