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Updated over 7 years ago on . Most recent reply

User Stats

1,083
Posts
548
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David Weintraub
  • Lender
  • Berkeley, CA
548
Votes |
1,083
Posts

Selling House - Buying House - Need Cash

David Weintraub
  • Lender
  • Berkeley, CA
Posted

Is there a solution here?

Woman has a home in Brooklyn on market for $2.5MM.  She currently owes $180,000 on the mortgage, so a lot of equity.

She found another home in NJ she wants to move into that's $330,000, but doesn't have the money.  She's retired/doesn't work, and the majority of her net worth is in this home.  

House is already listed on the market, but she wants to buy this other property before it disappears from market.

Any thoughts?  

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