ex-sd, I’m no expect on this matter so I don’t pretend to know more than you. Just thinking about the possibilities here.
I was talking about a family who wants to move up to a better house in the same general area. They can buy a new house with a contingency that they sell the old one first, or they can buy the new house then sell the old one later. It would work the same for a family that is downsizing.
How can the lender divine what the “real” intention of the buyer is assuming that he is otherwise a rock solid borrower.
