IS SIMULTANEOUS CLOSINGS STILL LEGAL?? especially in NJ??

[Thomas K]

Hi,

I've heard a lot about simultaneous closings to be illegal nowadays, is it true?? How about in NJ? Simultaneous closing, I mean, using C's money to fund AB transactions. Transactions are done ALL CASH. Would there be a problem?

This is pertaining to REOs only, not short sales.

Thanks in advance!