Asked by Tb, New York, NY • Thu Feb 5, 2009
In contract to buy home in Vegas and sell a home back east...problem is scheduled to close purchase of new home before closing my sale by 21 days (both deals are solid and investment company selling Vegas home won't budge on closing date)...in the new world of banking where tax dollar bailouts are the norm, banks have tightened the purse strings and won't lend to me without first selling my home...any ideas? Few years back, lenders tell me this type of deal was no problem, now apparently bridge loans no longer exist to cover this type of situation.
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