April 25, 2021
Stackedhomes
En-bloc sales aren’t always a pot of gold. For investors or homeowners who are well-prepared, it can be a smooth process; but homeowners, especially those who never intended to move, can find it an inconvenient headache.
One of the main timing issues involves the sale proceeds: it could be a while before you receive the money from the en-bloc, and in that time, you still need a new home.
We spoke to Mortgage Master , who are home loans specialists, about the key financing issues to address:
What’s the main financing issue when an en-bloc sale happens?