Frequent Contributor
Posts: 337
Registered: ‎09-24-2008
Re: Want to buy a new Home but can't sell Current House
In order to buy a second house you need to have a good bit of equity in the first house, I'm thinking its something like 20-30%. They are doing this now to try and prevent people from buying a second house and then renting out the old one for a year and then walking away from it. Sorry.