HI. We need to move to another area because of my son's medical condition. So we are trying to buy a house in a few months in this area. However, we are staying in this current home that we got a permanent modification last month from our mortgages. My question is that after we move into the new house and put the current one up for sale and if it doesn't sell and if we can't afford both mortgages at that time, can we do short sale and not being considered mortgage fraud?
We are in california.