In a bad spot.. Not sure what to do?

[Wade Reeves]

Hey guys!

about every 2 years I look to sell my house and upgrade (if the market is in my favor) well.. I was in contract to sell my house in February of 2015 and to make a LONG story short. We found out the Day of closing that the person buying my house was Now NOT approved for a loan. 

since we had to be moved out for the final walk through I had worked out a deal for my NEW house.. which was $20k down payment pay 1500 in rent up to 6 months with the ideal to purchase before the 6 months. 

Well my old house didn't sell.. still hasn't sold and i'm now competing with new development in the gated community my old house is in. 

I've been making two mortgage payments, money is running out and the time is coming to purchase my new house or lose my money. 

What to do?