Mary and John purchased their new home 200 miles away because John had been transferred and need to start at the new location in March. The real estate agent who was listing their old home told them not to worry - once spring sales pick up he would get a buyer in their in no time.
In October, Mary and John were still making monthly mortgage payments on 2 houses - their new one and their old one, because guess what, it hadn't sold yet.
Many people like Mary and John have no other choice than moving and leaving their old home behind for an agent to sell. They take the needed cash for the "double payments" out of their savings, sometimes even out of their retirement funds just to stay current on the mortgage and preserve their credit.
Meanwhile, they're risking more and more that the money will never come back to them. Extended listing periods, declining markets, cost of upkeep and cost of selling all work against them. Wouldn't you agree that John and Mary should at least take a look at a fast selling solution?
The problem with double payments is that you're doing the right thing, but what suffers in the wake of double payments is your current home and your family.
If you're in that situation, contact us today! We can make a cash offer and close quickly so you can use your "double payment" money in more beneficial ways next month.