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Reply to "Buying a new house before selling - money options"
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[quote=Anonymous]We were just in a similar position except we were able to afford a 10% down payment without selling our former house first. As soon as our offer on the new house was accepted, we got busy preparing our former house for sale. We were very lucky that we only ended up owning both houses for two weeks. As soon as our former house sold, we used the "profit" to pay off the second 10% loan. Good luck![/quote]
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