"Sometimes It Makes More Sense to Sell Your Home Than Refinance"

I need your help, I’m desperate. Robert came to see me about refinancing. His story was pretty sad and very foolish. He and his sister inherited their parent’s home, he was the one that actually lived there.

A few years ago he put a mortgage on the property to do some repairs, payoff credit cards and put the rest away for a rainy day. However it has been raining ever since. Sure, I could get him a mortgage, but wasn’t willing to do it, as he will just blow the money and be desperate all over again.

Even though he was referred by a previous client, for the purpose of refinancing, I recommended that he sell the home and get into something manageable. I was afraid to ask him about how his sister felt about him attempting to refinance, but did anyway. She suggested that I sell and split what is left over.

I referred him to a trusted Realtor referral partner. Hopefully he will do what is right, list the property and stop the continued nonsense.

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