Posted on: 30th Apr, 2009 09:43 am
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.
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...