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Old 03-18-2011, 12:10 PM   #11
R8RFAN R8RFAN is offline
Molôn Labé
 
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Join Date: Sep 2001
Location: North Carolina
Quote:
Originally Posted by Spott View Post
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
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