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Just got laid off

I was unexpectedly laid off today. Here’s where things stand:

  • Accepted an offer last week on the sale of our current home, currently in escrow

  • Under contract for a new construction house that is our dream home but not expected to be done until December/January - have already paid builder and design/electrical/plumbing upgrade deposits

  • Conditionally approved for new construction loan based on my income which I now no longer have

What are my options? We really want to keep the new house if we can. Do I talk to my lender? I work in tech so there’s a good chance I can find employment soon. Appreciate any thoughts.

submitted by /u/baummer
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source https://www.reddit.com/r/RealEstate/comments/w8cw87/just_got_laid_off/
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