Erica

So, how do people buy houses when the relocate cities? There is no way they can show 2 pay stubs from the new location if they haven't moved yet. - Thu Aug 28 2008, 20:34

I have thought about a short-sale and I think I understand it like this: I have credit score in 740s and will have about 100-125 point reduction in FICO score. However, this is only if Countrywide will agree and IF I HAVE A BUYER. In this zip code alone, there are hundreds of homes in foreclosure and for sale. I am going to keep praying because I need out of this house. This makes me not even want to buy and so I just want to rent an apartment (which will probably be as much as my 1200 mortgage but without all of this drama). I'm 26, so I figured 3 or 4 years of paying off my credit cards, car and student loans won't hurt until this market gets better. At this point, a home that I can afford with a single income will probably be in neighborhoods like this in houston or an hour drive from my job. I'm educated, finishing my graduate degree in less than a year, but man was this stupid! Now I'm worried that my credit cards or car loans will sky rocket with the foreclosure/short-sale and I'll be headed to bankruptcy! Does anyone know of a realtor with experience in short sales because I have gone back to the realtor who sold me the house who knows nothing about the business! Thanks! Oh, this is for Fresno, TX (10 miles from Houston)-not California ! - Sun Jun 29 2008, 09:30