Simultaneous Closing
Can anyone show me how to do a double closing? Here's my situation: Secured house through short sale for $105,000, I have a buyer for $115,000. He wants me to pay half of closing costs and contribute to termiite treatment if necessary? Does this deal seem profitable? I only have a week to close!!!
check with your buyers lender and ask if there are seasoning requirements. A lot of lenders did away with the simultaneous closings and added the seasoning issue. You may be able to assign the deal to your end buyer for a fee.