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Updated 3 months ago on . Most recent reply

User Stats

1,399
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Jessica Zolotorofe
  • Attorney
  • New Jersey
793
Votes |
1,399
Posts

Double Closings in NJ

Jessica Zolotorofe
  • Attorney
  • New Jersey
Posted

I spoke to my title company yesterday and apparently they will no longer do double closings. First American and Chicago won't do them and Fidelity and ORNT last I heard would consider it with an affidavit that the purchase price was disclosed to the buyer, which basically defeats the purpose of a double close. Looks like assignment is our only option now!

Most Popular Reply

User Stats

1,399
Posts
793
Votes
Jessica Zolotorofe
  • Attorney
  • New Jersey
793
Votes |
1,399
Posts
Jessica Zolotorofe
  • Attorney
  • New Jersey
Replied

@Federico Gutierrez yep, that's exactly why investors do it. 

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