Simultaneous or Double Closings - Posted by Bill

Real Estate Investing
1

Posted by Ben Carmona on July 15, 2008 at 16:25:01:

They’ve always been required to show that you were on title to the lender’s buyer…the question is if they actually did or not.

What’s the problem with showing the end buyer that you were on title? If you actually had the funds for a couple hours to make the purchase would that help out? Private lenders will give you a 1 day loan which legally gets you on title enough time to sell it off. No app, no credit check, no employment/income/assets, no appraisal.

Ben Carmona

2

Simultaneous or Double Closings - Posted by Bill

Posted by Bill on July 15, 2008 at 05:26:31:

Is this practice dead? I was interested in doing this with an REO. The title company I talked to said now they have to show the first transfer on preliminary title report to the end buyers lender. Should I keep check for another title company? This is in Missouri by the way.