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Updated over 11 years ago on . Most recent reply

User Stats

505
Posts
34
Votes
Samantha M.
  • Landlord
  • Dallas, TX
34
Votes |
505
Posts

Double Closing & Wholesaling? Help Please.

Samantha M.
  • Landlord
  • Dallas, TX
Posted

I mentioned the possibility of double closing with the escrow officer I use at my title company and she seemed a bit confused. She said there were "multiple types" of double closing.

With that being said, what is the precise type of double closing wholesalers use. And how does that transaction work A to B, then B to C.

Need to be more precise so I can clarify with the escrow officer hopefully.

Thanks in advance for your help.

Most Popular Reply

User Stats

586
Posts
358
Votes
Braden C.
  • Real Estate Investor
  • Florida
358
Votes |
586
Posts
Braden C.
  • Real Estate Investor
  • Florida
Replied

@Samantha M. Ask your title company to provide the seller with a hud that only lists their costs/expenses. The buyers side is left blank which means the assignment fee won't be shown.

This will avoid having to do a double close and the seller won't see the fee.

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