pitfalls of Short Sale seller also buying

What could be the pitfalls of a soon to be short sale seller, that wants to buy another house, before he short sells? Mortgage is with BofA.

0 members like this

▶ Reply to This

Replies to This Discussion

Permalink Reply by Joseph Alfe on July 19, 2012 at 5:34am

If he can qualify for new loan with the old mortgage counted in his income/debt calculations, it can only help the short sale because you create hardship by adding new PITI

▶ Reply

RSS

Welcome to
Short Sale Superstars

Sign Up
or Sign In

Or sign in with:

Members

View All

Badges | Report an Issue | Terms of Service

Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.