Types of trade equity (real estate swaps, tax exchanges) or any other sources of noncash funds to Close must be authorized in writing by Lender before Signing.You could interpret the initial part of that paragraph to apply to a simultaneous closing, but I think you could strongly argue that a simultaneous closing could be a type of "trade equity" as specified in the latter part of that paragraph, and then Lender authorization would be the only requirement.There is really no reason the title agent should care if the buyer's lender is fully aware of the situation and okay with it.Here is the link to ALTA's guidelines if you would like to read it yourself:http://www.alta.org/images/PDF/09-05-15_UniformGeneralClosing.pdfBill, if your title agent referenced ALTA as why they wouldn't do a simultaneous closing for you, I think you should find another agent.Wait a minute.

@Chris DeSisto I want to expand on this a little because the interpretation of mortgage banker here doesn't seem to fit my company or some of my largest competitors either.The difference between the basic terms broker and bankers seems to stem from one major deviation and that is whether or not you fund the loan yourself as a company.

If your lease is written that rent is not considered late until 5 days after its due, a judge may interpret that to mean rent isn't really due until that later date and throw out your 5 day notice, sending you back to step 1. 

Self-employed can mean a lot of different things in terms of income interpretation depending on how much your accountant is trying to hammer down your bottom line.

Of course this is open to a lot of interpretation but I think my point is valid.  

They interpret it as an attempt to pull out gain and could disallow your exchange.Secondly, the rule is a two part rule.

Their policies are full of legal and industry terms that can be difficult for the layperson to interpret correctly.

@Sean Cole I know that is your interpretation.

The way I interpreted the conversation is: there is "a program" that's catered to vets to help with housing. 

As long as you perform the check and use the information received in a way that complies with federal and state law, you are free to interpret the results in any way you choose.