30 k to put down, selling a home can I get a new one that easily?

I'm selling my current home (at a profit) and plan to pay off one of two car loans i have of $11,000My only other loans are:Another car loan: balance of $15,000Home will be paid once sold. (this isnt a short sale)Both car loans and mortgage have never been late...not once.I will have about $42,000 from sell of home. I plan to pay off the $11,000 car loan That will leave me 31,000I want to purchase a home "listed" for $99,900 ( its a foreclosure...it might sell for less)I will put minimum of $30,000 downIve been employed in airline industry for 21 yrs and it is secure.My yearly income is about $105,000The only debt i am carrying now is the two car notes which i will pay one off possibly.I live in Cornoa, CA and would like to get a new home soon What can we do? by kevinm from Corona, California. Oct 16th 2009 Reply