Does Anyone do Double Closings in Maine?

[Alex R.]

I'm actually trying to by a new home, not an investment property, in this case. We've got a backup contract, but the inspections are going well so far, so I want to be ready to approach the buyer to try to buy from him.

Rather than wait until they close and then start our entire (conventional) loan process with a second title search, appraisal, etc., I'm hoping to find a bank that will be willing to process our application for a property that the seller (the current owner's buyer) doesn't hold title to yet.

I've tried Kennebeck Federal Savings and USAA, and I'm waiting on a call back from Bangor Savings Bank, who our pre-approval is through.

I want to do a simultaneous closing (wet, not dry), and ideally use the current buyer's title search (buying our own policy, of course). Seller would close with buyer, buyers funds pay seller, and then they walk into the next room where we're waiting and sell to us.

I've seen on this forum and other online searches that this is possible, but can't find anything about who might do this in Maine. Anyone have any suggestions?