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Updated almost 5 years ago, 01/11/2020
Double Closing...step by step...help
Hello BP,
I am educating myself to become a wholesaler. I know the basics of it but I would like to know a more step by step explanation on double closing. What all is needed from start to finish. I get the basic premise of A-B then B-C...but I want to know exact steps that actually happen with a double close. How much out of pocket costs? Do I need proof of funds in order to close with seller? Will I have to purchase title insurance even though ill have the title for 5 mins. Can I use the end buyers money to fund closing? Whats the process with escrow and deposits? I know the title company manages the escrow and paperwork but I want to ready myself for what actually happens step by step.
so,
How do I close with seller?
How do i then close with end buyer?
Can i close with end buyer first then use those funds to close with seller?
step by step process...thank you