If I sell my home subject to existing financing can I get new mortgage right away?

[Matthew Hall]

I have a home that is worth about what is owed and have been approached by a subject to investor who would be interested in taking over the mortgage. I want to move because the house is too small and no longer meets our needs. If I sign the home over and bring the documents to a bank showing that I have an agreement from the buyer to make the payments, can I get another mortgage, or will the bank still consider my previous mortgage in my debt to income ratio? I should also add that our mortgage was discharged in a CH7 BK in 2013, so if the investor were to default there would be no deficiency judgement against us, and as long as we're in another home already it would be irrelevant, aside from the fact that we'd have a foreclosure on our record. Again, the critical thing I need to know is can we qualify for another mortgage with the documentation of the subject to deal in hand?  I've been told that as long as I have a completed HUD1 Settlement Statement that the bank will count it as a sale and not require me to qualify on two mortgages, but obviously I want to be sure before I proceed.