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Can I short sale my home & my wife buy a new one w/o getting a lien on 2nd house?
My wife is not on the original mortgage or title I bought it before we married and we still have separate bank accounts. I really want to walk away as this was the worst investment of my life. Is this an option?
1 Answer
- loanmasteroneLv 71 decade agoFavorite Answer
You might short sale your house if your lender approves the short sale.
Yes your wife may purchase a house as long as she is able to qualify for a house with her credit and income.
If this is the case then she would have to complete a mortgage loan application so that a credit report will be available to the mortgage banker/broker. Make sure your mortgage broker is able to do FHA and VA mortgages.
I hope this has been of some benefit to you, good luck.
"FIGHT ON"
