Posted on: 26th Oct, 2010 09:16 am
I have relocated to New Jersey due to a job move. My home in Arizona is for sale...a short sale. I am looking at a home in New Jersey selling for $420000. I have $300000 to put down and am looking to finance approx. $120000. I have an annual income of about $90,000 and have had excellent credit until this short sale.
Hi prestonschrader,
Did you consider renting out your home AZ instead of doing a short sale?
A short sale can have serious, long lasting affects on your credit report as well as tax consequences.
If you have not been delinquent on the mortgage payment on the home in AZ you may have a decent chance of getting approved on an FHA loan.
Did you consider renting out your home AZ instead of doing a short sale?
A short sale can have serious, long lasting affects on your credit report as well as tax consequences.
If you have not been delinquent on the mortgage payment on the home in AZ you may have a decent chance of getting approved on an FHA loan.