How broke are you?

[R8RFAN]

Originally Posted by Spott

I would rather not foreclose. I'm not behind on my payments or anything, but I may be losing my job because of layoffs and I have enough in savings to buy a home and would still have money left over. I don't know if I decided to short sell my current home if they could come after my next home or what I had in the bank.

If you short sell they will come after you for the balance.... They could garnish your wages if you don't file BK if you file BK you won't get another house...

It's best to do the honest thing and pay any debt you owe... The housing market will turn around eventually, be patient

[Spott]

Originally Posted by R8ers

If you short sell they will come after you for the balance.... They could garnish your wages if you don't file BK if you file BK you won't get another house...

It's best to do the honest thing and pay any debt you owe... The housing market will turn around eventually, be patient

The housing market may, but I don't know if the job market will. I'd also considered buying a home in cash and renting out my home until there's enough equity in it where I can break even on selling it.