http://www.trulia.com/voices/Home_Selling/can_i_take_a_loss_from_my_current_mortgage_and_add-128232now that i make more money.. problem is owe more than this house is worth.. is it possible to add balance to a new mortgage?en-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-70461-250734/http://www.trulia.com/voices/profile/Real_Estate_Pro-70461-250734/I can't see how. when you sell your current home,you must pay off the amount of your outstanding mortgage. you will not qualify for a short sale unless you can demonstrate hardship. Wanting to buy a bigger home is not a hardship.if you did do a short sale you would have to wait 2 years befire you could purchase a new home. i suggest you consult a tax expert to see if you could take a tax loss on the sale of your home.Sun, 24 May 2009 11:32:03 -0700