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Updated about 6 years ago on . Most recent reply

User Stats

238
Posts
44
Votes
Doug Haisten
  • Mobile, AL
44
Votes |
238
Posts

Does anyone have a double closing contract for both sides

Doug Haisten
  • Mobile, AL
Posted

I am speaking with a closing attorney to get them to do a standard double closing. I define standard as when funds from the B-C transaction (me selling my interest in the A-B transaction to buy a property) are used to fund the A-B transaction. This type of closing is not usual in my area. In our discussion we are "close" to agreeing to make a purchase in this fashion but I'd like to show him an example of such a contract because he keeps saying "as long as everything is disclosed" and "as long as the contract is assignable". I have never done one of these myself so if anyone has a standard contract of this nature please send it to me. I looked in the files and haven't yet found a double closing. Thanks 

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