Transactional Funding Process???

[Darvin Ezell]

I am new to doing REO's and hearing about Transactional funding and I am unclear about the process. I read that you have to have the end buyers funds already in escrow in order to use transactional funding. I am working on an REO deal and need to know how this process works. Can someone give a step by step process. These are the steps i have in my head.

1. Find a good deal, analyze the deal, and make offer to seller.

2.I sign the sellers purchase agreement and then have my end buyer sign my purchase agreement with my price.

I am confused as to when and how do i get the buyers funds into escrow, especially if the sellers title company is in a complete other state. And how does the AB BC close thing work? Can someone explain this process?