Asked by wendy, Simi Valley, CA • Wed Aug 4, 2010
We are under contract to purchase our "dream home" but it is contingent on us selling our home. We have 3 offers on our house now and the "best" offer is at full price BUT is contingent on the buyer selling their home first. We cannot accept/sign their offer because the contract that we have with the home we are purchasing won't allow us to accept contingent offers.
The buyer is getting a divorce and she & her soon to be ex-husband own their house out-right so our broker suggested to the buyer/broker to look into getting a hard money loan. Is this something that is easy to do?
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