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Reply to "Is it completely hopeless? Want to buy home, no down payment."
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[quote=Anonymous]Unless you have access to a VA loan or FHA loan, you've got to hunker down and heal financially, OP. I'm sorry about the deed-in-lieu. We did a short sale on a property, and it was pretty painful, both the experience and the loss of our down payment. We have since bought, but only because we could use a VA loan. In your case, why not hunker down and save until DC2 is ready to enter kindergarten? Look at the job situation and see if you could find something that would put you in a similar location to DH's job---by which I mean, a job located in outer Fairfax as opposed to downtown DC. By that time, you can sort out better what will work in the long run, and possibly DH will have gotten some raises. Hang in there![/quote]
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