Cindy, have you been told that you can't buy? Iâ€™m not sure whether you have been formally Pre-Approved. As far as buying, this is your first step (not a pre-qualification, see:. http://www.Steven-Anthony.com/default.aspx?pp=39377 for the difference between the two) so you can be ready to act when you need to, or be aware of any issues that may prevent you from buying when you want to. With prices continuing to fall this year you may actually have a crossover between what you can afford and home prices.
If you have already gone this route and want to look into a RTO take your time for two reasons: 1) Prices will continue to drop, and 2) there a lots of ways for the Buyer to come out on the short end of the stick. See: