Buying Before Dumping Your Short Sale Home

I get calls from a lot of underwater sellers who ask about buying a new home before selling a short sale.

It's a perfectly reasonable question. Sellers want to know if they should buy a home while their credit is still good and before they do a short sale. Seems to make sense to a lot of people. But it's not as easy as one may think because there are basically 3 ways to buy before a short sale, two of which automatically disqualify a seller from buying.

The first thing to think about is why would a short sale lender let you do a short sale if you could qualify to buy a new home? . . . read more about Buying a New Home Before Selling a Short Sale.

More Articles by Elizabeth Weintraub:

• Do You Need a Lawyer to Do a Short Sale?
  
• Top 10 Reasons for Short Sale Failures
  
• How to Do a Bank of America Short Sale

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Technorati tag: buy home sell short sale

_{At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.}