frequently can't get financial enterprise to comply with short sale once you very own different belongings. Pay house dues as they grow to be a lien on belongings and that they are going to chase you. grow to be house your place? if so, and short sale impacts this, it grow to be in all probability a private loan without recourse and that they gained't come once you for short sale volume and additionally you don't get taxed in the event that they do. yet for the 2d loan, you're for my section in charge, they are going to chase you, they supply you 1099C in case you do no longer pay, and additionally you will ought to declare the quantity as earnings. Your call. you have illustrated various the clarification why 0.5% down mortgages are an fairly undesirable concept. with any luck you place down greater on new abode.