Make sure and list all your debts no matter how small.
The fact that you are relocating for a new job, may not be a good enough rational for a short sale approval.
Best of luck to you.
Kawain Payne, Realtor
Lenders are not always allowing the i have to move out of state deal.
Most are only allowing the I'm out of work and flat broke thing.
Don't forget to vote best answer for those who give the best answer.
Harold Sharpe - Broker
So Cal Homes
California Department of Real Estate Broker License # 01312992
It is more than a specific DTI. Feel free to contact me directly. I have had experiences with clients in similar situations. Here is one of my articles: http://activerain.com/blogsview/2188808/possible-foreclosure
Sara Mehrpouyan CDPE Certified Distressed Property Expert
Dre License #01712757
You may contact me directly for any question or help,
Specialized in Short Sale & the approved expert by HUD (Housing dept.HAFA and Redfin.com in SFV
Realtor, Certified E-Pro,
GRI (Graduated Realtor Institute, national),
ABR (accredited buyer Rep) & SFR (Short sale)
Voted Favorite Realtor by Daily News Readers every year since 2005 and now 2011 too!!!
Pinnacle Estate Properties
18653 Ventura Blvd Suite 704
Tarzana, CA 91356
Fax: 818-274-5910 / 888-220-3434
DRE # 01311212
There's more to it than just the DTI.
We're you unemployed and relocating because you got a new job out of state?
Have you written your hardship letter? Have you provided all the documents necessary? Do you have an offer to present to the lender? Does the lender have a BPO for your property?
Theres a lot to know even though it looks like a simple question but to answer it and give you direction some more detail would help.