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Updated almost 14 years ago,
simultaneous closing
Hi,
I'm still a bit unclear on simultaneous closings where we use C's money to fund AB. Who pays for closing? My understanding is that C pays for closing cost for BC, including my attorney's fees, and B (me) pays for closing for AB, is that right? I always get title insurance for my end buyer C, but is that going to come out of my profit margin? or is C going to cover it when he closes?
Thanks in advance!