Double Closure?
Please help me. I read in one of the forums about somebody doing a double closure. Would anyone help me in doing this deal please?
Instead of rehabbing and selling the REO that I am trying to deal with right now, I thought it better to "hand-it-over" to an eager investor i know. How will i do it? Can we close right after I close on the REO?
I appreciate your help on this newbie.
It depends on the State your in and the closing attorney. You may have to close at one attorney's office then do the second close at another one. Double closings are getting very tight. Some say it is so close to the gray line area of not being legal. Has to do with title issues and seasoning issues.
Call a few attorneys in your area and ask them the best way to get this done with in the a legal procedure.
Hope that helps?
Atlanta, GA
Don't get an attorney involved. Not needed in this state.
Go down to Title Co and talk Face to Face with the manager. Explain what you want to do, I have always been guided through the morass. They want your business, however if not helpful, go to anothet title co & see the Manager, ask, How can we put this together?
Thank you , pmatheson1. I do live in california as well. I will do that.