From what I have read, this is doable as long as it was due to employment relocation. The first is FHA and the second is conventional. I think we'll have enough to cover the first but I'm certain we'll be coming up short on the second. How bad will this hurt my credit? I've read conflicting information. Some say the damage is in the lates that typically lead up to the short sale with little to no damage to the score from the actual short sale. Others say that regardless of whether there's lates or not it is devastating to the score. Is it worth taking a soft note for the difference? Possibly get a PFD upon payoff of the deficiency? I have no issues paying the payments but cannot really do anything long term until it's sold.
Thoughts? Advice? Insight?