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Updated over 9 years ago,

User Stats

12
Posts
2
Votes
Richard Prescott
  • Investor
  • Atlanta, GA
2
Votes |
12
Posts

Run Down of Double Closing Process - Who Pays Who and When

Richard Prescott
  • Investor
  • Atlanta, GA
Posted

Hello,

I'm currently close to putting a contract under offer with a bank with a $40k profit for some cash buyers/rehabbers. Unheard of now in the Decatur/Atlanta market. 

I'll be wholesaling this via a double close using transactional lending but just wanted to clarify who gets what, and when?

Can anyone please give a full step by step run down of when I pay the closing attorney, my end buyer pays me and anything else in the process which can slow me down as I'll want this done quickly....

I thought I'd post in here as I'm working in the Atlanta market and also keen to develop relationships too.

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