[brandi K]

before my other home goes to foreclosure? I own a home in GA and had to move back to OR several years ago for work. I've had renters in the home and everything was working fine until the economy took a dive. My husband and I want to purchase a home here and can afford it but since my renters are not paying their rent on time and we are not getting a lot of interest with it being for sale, we were considering jumping on purchasing a home here and if we can not get solid renters in there we would not be able to make the payments on the GA house and it may lead to short sale/foreclosure status. Can anyone tell me if you have two homes and one goes into foreclosure, does it do anything to the other loan or jeopardize that other house? We are sacrificing a lot to continue making the payments on that other house but would really like to be able to buy a home here with out having to wait 10 years + for credit to be re-established if (god forbid) the house does go into foreclosure.