Hopefully, my friends on the Active Rain site can help me with this question. I have buyers that have just contracted on a new home to be built here in Virginia. Home to be completed in April. Buyer's own a home in Florida in which they are very upside down on but have had the house rented for the past two years and the lease ends next June. The buyers are very credit worthy. Here is the issue. The buyers are considering a short sale for their Florida home AFTER the settlement on the Virginia house. If the Florida property is put on the market now, does this effect their credit since the house must be listed showing that it will be a short sale? Should they just wait until their lease ends and after settlement on the Virginia home?