Must sell old 2 buy new home. Is it good or poor risk 2 enter n2 new contract PRIOR 2 sale needed b4 close?

Posted by | Posted in Buy My Home Fast - Questions & Answers | Posted on 23-03-2010-05-2008

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What are the stats on this type transaction? Need +equity n sale 4 new home buy. Cannot afford 2 mortgages! Builder suggested qualifying w/current home as rental income until it sells. The time push here is a fast approaching specific lot release and build order.