There are quite a few options available to you that may let you out of your home on short notice and get you into another one quickly, especially if you have equity (or potentially equity) once it is rehabbed. If you already have another place in mind we could help with that also. Give me a call and I'll be glad to talk to you about it and provide options, or feel free to go to our website, http://www.sellmyupstateschome.com for more details. We're local here in the Upstate, so could also tour at a convenient time for you.
Home Buying Investments, LLC
You could sell your current home. However, if it's going to be a short sale (you owe more to your lender than current market value), you have to be able to prove financial hardship to your lender or they won't approve a short sale. Also, with a short sale it will negatively affect your credit and there may be tax consequences. You won't be able to buy again for 2-3 years after the short sale closes - unless you pay all cash (in which case if you have the cash, you don't have a financial hardship and won't qualify for a short sale).