Yes, you can do a short sale regardless of how many properties you own, however, it might be better to check all your other options including loan modification. You should also consult your tax advisor as well as a realtor. To find out what homes are selling for in your acutual neighborhood visit http://www.EscondidoPropertyValues.info here you will be better able to review all surrounding sales and homes on the market. Remember you do have choices, talk to someone who can give you honest advice.

I see a lot of people doing short sales and still own other properties. It is a matter of working with the lender. And they will more than likely have tax issues too.

Joan Wilson 760-757-3468

Hi Pearl,

While Dana may not be from California and understand our Real Estate laws, she is 100% correct.

Please understand this is not the forum for this question. You need to talk to your lender and then to an agent experienced in short sales.

Best regards,

Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate

Although i think this is OK,you really need to discuss this with your agent and lender. As you cannot be approved for a short sale without documenting hardship,this income and ownership needs to be disclosed to see if it will impact yoour hardship status.