Can I Sell and Buy a Home at the Same Time? What You Need to Know
By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
Can I Sell and Buy a Home at the Same Time? What You Need to Know Back in the late 70's when I started in mortgages, it was fairly commonplace to have "domino" closings take place. That meaning multiple buying/selling transactions, each dependent upon an earlier one, successfully take place. One initial Closing kick-started all subsequent Closings. Like the chain reaction seen in dominoes, each took place in a close time frame, one quickly following another. The Sellers at one Closing became the Buyers at the next, and so on. This happened so frequently back then that I didn't think much of it. It was normal. But the frequency with which this happened grew less and less. It came to a grinding halt during th...
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