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No! An experienced Realtor can often arrange interim financing or what is known as a "swing loan” for the buyer. The money is advanced by the lending institution on a short term with interest computed daily. The buyer’s equity in his present home is the loan security. Properly handled with legal counsel, it could well be the solution.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY, REALTOR, The Clopton House, Washington, Va. 22747. Phone: 675-3400. We're here to help.
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