Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

188
Posts
228
Votes
Ryan D.
  • Rental Property Investor
  • San Jose, CA
228
Votes |
188
Posts

How do I protect myself in a duel escrow?

Ryan D.
  • Rental Property Investor
  • San Jose, CA
Posted

I'm under contract on a pair of 4-plex buildings in Florida with a wholesaler. The wholesaler has the buildings under contract with the current owner, and wants to close using a duel escrow. What do I need to do to project myself in such a closing? What are the risks to me (fraud, etc) that I should look out for? I'm extra concerned here b/c my deal is all cash for a good chunk of money - I don't want to sent out a big wire and then realize I've been defrauded. 

Loading replies...