Asked by Ducksoup18, 55122 • Thu May 7, 2009
Im looking at buying a new home with my fiance before we get married. I currently own a townhome, but if we put the new house under my fiance's name then she should still qualify for the $8k tax credt. My real question is, after we buy a new home (we have already been pre-qualified for the a specific amount. This amount also takes into consideration my current mortgage) could i short sale my townhome if it came to that? I understand that it all depends on whether or not the banks will allow a short sale, but i figure i would ask the experts.
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