Could I short sale my house and have wife purchase new home under her name?
If my loan on my house is up-side down, could I short sale my house (I know it would damage my credit), but then try to purchase a new home under my wifes name (she is not on the loan/title)?
From what I have tried before, I would also have to be on the loan because we are married, but would the short sale on my name cause us to not get a loan?
Side note: It would be too hard of a stretch to quality for a new loan with existing due to Debt to income ratio. Also having proof the current house is rented out would not work either, we would still have to qualify to be able to pay both loans.
This question is in the General Section. Responses must be helpful and on-topic.