You will not be able to roll the extra amount into a new mortgage. How short is your ffiance on the home in FL? Perhaps he can get a loan to pay the difference owed. Does he have savings?

The bank is not going to want to do a short sale unless your fiance is behind on his payments, living in the home, has no way to repay the loan, etc. And like you said, you don't want to do a short sale.
Good Luck

You won't be able to roll the difference into your new loan. You may want to contact the bank to see if you can get a loan modification or refinance your loan to get the payments lower and then rent it out until the equity increases.

Good luck!
Darla Solomon
561-676-0693

Jdeck,

This probably will not be possible. Any mortgage you attempt on a new home will need to be based on the apraised price of the home that is being mortgaged. They will not loan considerably more than it's worth and then they will not give you cash to pay off the old one.

You might want to consider renting it, but chances are that it will be a money losing situation. If you would like, give me a call and we can work out numbers and your options.

Regards,
Gabe Sanders
772-323-6996

Jdeck,
It sounds like you need a second mortgage, or line of credit, on your new home to cover the difference on the old one. Thats how I would go about it, otherwise, there is no way that I can think of that you will be able to make it happen.

Good Luck!