Hud Home double escrow (closing)

[Anibal Zapata]

Hello Everybody, I'm in the process of learning how to wholesale HUD homes. Is doing a double escrow in Florida legal? As in my A(hud) to B(me) would happen once I get accepted and once i send in all my earnest money and paperwork. Then wholesale it to an end buyer B (me) to C(cash buyer). So during closing my title agency would accept C (cash buyer) funds to close the A(HUD) bid accepted price and I would keep the difference. And everybody would be happy HUD sells home, I receive my wholesale spread and cash buyer receives great rehab home please advise :)

[Wayne Brooks]

You're not going to find a title co. that will use C's funds to close your transaction with HUD. You'll need your own funds, transactional funding. HUD properties are a popular target for rehabbers soyou'll have plenty of competition for these.