Here’s one of those situations many potential clients ask about….Can I buy a new home first and then short sell my home afterwards so that my credit is not a factor/problem in buying again? This homeowner who is short selling their home on Chimney Circle in Middletown, VA is almost to the finish line and did just that. They needed to downsize and their mortgage payment was getting too high to handle. One of our partner agents in Winchester, Terri Evans of Keller Williams Realty, helped them find and buy a new, smaller home in Stephens City and then we listed their home as a short sale in Middletown. There were 2 trusts – we had received one approval letter already from First Tennessee Bank, and now we’ve secured this final one from Everhome Mortgage. Everhome did require that the borrowers bring $1,000 to the table for closing and they are able and willing to do this. But, we have to tell you, Everhome reps REALLY questioned why the homeowner would buy a new home and then stop making payments on their mortgage for the home on Chimney. This one took some doing, but we’re almost there. Here are the approval letters from Everhome: