Double Closing - Posted by EB

Real Estate Investing Real Estate Law
1

Posted by Natalie-VA on August 28, 2008 at 13:58:59:

EB,

I could be wrong, but IMO, a double close is where there are two transactions and each buyer brings money to the closing table. A simultaneous close is where there are two transactions, but only the end buyer brings money to the table. I hear that these are becoming very rare.

In either case, the middle man IS taking title, maybe only for a minute, but yes, he will appear on title.

–Natalie

2

Double Closing - Posted by EB

Posted by EB on August 26, 2008 at 13:47:48:

When you wholesale a deal at closing doing a double close (or simultaneous close…not sure of the difference between the names) on a REO property does your company name ever become recorded in the chain of title even if you aren’t the company actually taking title?

Hope the question makes sense.