We have never missed a payment so we're good there. My FICO scores are 698-716 and DW is 710-730.

 If we did a short sale would we still be required to pay back the negative difference before getting a new mgt, or do they just apply the neg. equity to the new mgt, for example: I owe $300,000, short sale price $225,000, Do I need to pay back that $75K before I can get approved for a new loan or will it tac on to the new loan?

Thanks...........