You may qualify for a short sale but buying another home while you are short selling your home may not be a good idea.
One other thing comes to mind is that it takes about 2 years for you to qualify to purchase a new home after a short sale so this may be a somewhat of a sticky situation..
I would be happy to discuss your options with you at your convenience. Please feel free to call or email me if you need further assistance.
Hardship status is generally associated with a loss of earning power. This can occur through a variety of events that may include a deminished capacity through health issues, loss of employment, additional debt, etc.
Many people in your situation seek the support of both a good real estate professional and an attorney that specializes in short sale transactions.
Eli Givoni, Director
Short Sale Department, LLC
Serving all 50 states
MARS Disclosure for General Commercial Communications
Short Sale Department, LLC is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.