Simultaneously, you can also do your own BPO and have that submitted as well.

Can I use the Option Contract to purchase and then do a simultaneous close to do a "no money down" deal.

It makes it simple for short sales since they are also the title company.Desiree,Are you sure they weren't refering to simultaneous closings?

Certainly it's possible.Some additional thoughts:- You probably want a cash buyer who won't have issues dealing with a lender on this type of transactions (many lenders don't like double/simultaneous closes, regardless of how much/little the markup is);- This won't work with Fannie Mae REO properties, as FNMA will require title restrictions that limit a resale in the first 90 days to 15% over purchase price;- This won't work with FHA buyers due to the required 90 day seasoning period;- This may or may not work with buyers who are securing traditional financing, depending on the lender and their comfort with the deal;- Obviously, the property would also have to appraise for double the purchase price, and you might have a very difficult time getting an appraiser to determine that an REO is worth twice what was just paid for it without any renovation.

If you are not and are doing a flip, then you are not representing the buyer, you are representing yourself and selling your position to the buyer.It is getting very difficult to do a simultaneous close without revealing your purchase price.

Can anyone refer me to a Title co. you have used in Houston for a simultaneous closing?

Of course, the structure and the mechanics of the reverse exchange are a little more complex than the forward exchange but the basic conditions for a fully deferred, tax free exchange, that I outlined in my previous response, still apply to the reverse exchange and to the construction exchange.Only in the rare instance of a direct exchange (simultaneous exchange, or two party exchange), are the conditions just a little different.

Edgar, it seems you are relying on two different title companies to transfer one simultaneous closing, which will never work.

Real estate is a self-starter business and, for the past year, I've been raising my daughter and trying to do real estate simultaneously.

I've heard about simultaneous closings for reo properties.