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Can I short sell my house and buy another house at the same time?

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July 08 2012 - Fresno
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The answer is "no". Are you short selling because you can't afford your home anymore? have a hardship or because the market value has dropped below what you paid? 
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July 08 2012
You must have a hardship to qualify to do a short sale with a Realtor. Buying another home right away cannot happen. It would be several years before you can qualify again. For more info go to [website deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
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July 08 2012
A short sale, in essence, means that you do not have the money you owe the lender.  Hence if you do not have the money you owe the lender how can you buy another property? 
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July 08 2012
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Maybe, but probably not. 

Here's a useful link for some background on whether or not you would qualify for a short sale.  (Simply being underwater is not sufficient). 
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July 08 2012
 
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