Bridging a loan to bankruptcy

Admittedly, this guy suffers from a credibility gap. Would you go to this guy for a mortgage loan? Thought not.

The substance of what he is saying is particularly disturbing. He seems to suggest that buying a house without selling an existing one is perfectly acceptable. All you need is a bridging loan.

These days, there is a good reason why people can't sell their homes. The housing market is crashing. Taking out a bridging loan to finance a home relocation today will lead to only one place - bankruptcy.