Your existing bank will CO-OPERATE is allowing your home to be sold...without the balance following the borrower. In essence the owner is free of the house, walks away with no matireial benefit and is relived of the debt. This allpies to all states and all banks. It called a short sale.
Now buying a new one becomes the problem. If you don't start the comprehensive process correctly, you WILL end up renting for the next two years.
Time to calll a multi-dimensional Cleveland REALTOR.
If you are serious pick up the phone and CALL one of the REALTORS who have clearly provided their telephone number. DO NOT USE THAT CONTACT LINK/Button.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Move to the Front of the Line