Author: Evan Vanderwey
Website: http://www.lansingmimortgage.com/what-would-abe-lincoln-do.h…
I have advised 100’s of clients in the past couple of years who are in the following situation:
They’ve purchased a new home while their home was on the market. Thinking that they would sell their old home in time, they made the move. Sometimes because they needed to – a move to a new area for work, or because their forth child would otherwise be sleeping in a bath tub. And sometimes, because they wanted to – they found a great opportunity, a home with land in the perfect location or a home they have always wanted just went up for sale.
The result for some of these clients is that in addition to the home they live it, they also hold a vacant home with one or sometimes two mortgages on it, and no offers are coming in at the price they need to get out clean. They’re making mortgage payments each month and utility payments too. The costs are mounting, and a way out is all they want. “Frustrating” only begins to describe the situation.
I get calls like this a lot….
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