Asked by Rebecca, Pleasanton, CA • Thu Apr 12, 2012
My husband has been out of job for around 20 months now. We kept our mortgage current for the first 1 year until we can't do it anymore. He got a job offer recently and has to relocate to Raleigh NC. We are going to short sell our house. The housing price in NC is so much lower than CA that we can probably pay 50% down on a house with some help from our families. Will bank approve a loan if we put a huge down payment after a short sale of our current home?
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