buying a house in another state after our current house is put up for short sale

Submitted by Tracey from FL - 10/06/2011 - 6:41am

We currently live in Florida. Due to health reasons my husband is unable to work. We are behind in our payments. Tried HAMP but their offer was only $50.00 less than our current payment - not enough of a reduction to help us. We are upside down with the house. Considering doing a short sale. We are thinking of moving to Georgia. If we can buy a house cash in Georgia would our current mortgage company be able to lien our paid-for house in Georgia? We want to know if we buy a house in Georgia and pay for it totally in cash (no mortgage or loans) would our current mortgage company be able to lien it? We do not want them to be able to take the house from us.

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