short sale: Short sale my house so I can purchase another home...
- 10/15/10 04:59 AM
"I need to short sale my home so I can buy that house" is what I'm hearing all too often from homeowners who are ready to dump what they have and move on to something else...not so fast. Strict lending laws makes this mission impossible. Short sale seems to be common practice these days to help homeowners get out of their current mortgage situation, however a successful short sale is no green light to shop for another home. A homeowner put a contract on a million dollar custom built home that is ready for delivery in February 2011. However, as millions of other homeowners across the country they have negative (5 comments)