Upside down in condo, need something bigger- need advice

[TBH]

I agree with everyone else. If you had put 20% down you would not be underwater right now. Fortunately it sounds like you have the income to recover from your mistake, but it sounds like your wife is planning to stay home with the baby so you won't be so fortunate a second time.

Stay put. Pay off that second mortgage. Save enough for a reasonable down payment. THEN think about selling the condo and buying a house that you can afford with only your income.

My son slept through anything as a baby. I'd say you'll really want to get out of there by the time the baby is old enough to have his/her own room, which in our house would be about age 2. As others have pointed out, your wife isn't pregnant yet, so you have time. I would also argue that you should have a serious talk about waiting a little longer, unless your wife is already over 40. It will be so much better to start a family when some money stressers, like the condo, are behind you.

[LivingAlmostLarge]

Yep you have like 9 months until she gives birth and it goes by slow. Right now we're in month 6 and I have so much left to clean and do! Plus I'm waiting for my DH to finish school so we can clean together. He wants to organize the house and I am trying to get baby stuff all in one room.

[project15]

If you are debating throwing away $20k in this short sale due to barking dogs, why not spend $500 on training the dogs now and try to live in your current place for as long as possible? I don't know how much dog training is, but it's gotta be less than what you'll lose by selling now.

Also, I don't think the homeowner's credit will be extended for all buyers, let alone to $15k. Politicians have been throwing out this "$15k to all buyers" hope since it was originally proposed two years ago.