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!!!

Comments(1)

  • rcummings19th November, 2003

    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.

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