Double closing - Posted by Robert
Posted by Robert on February 22, 2001 at 23:06:57:
I have a signed contract to purchase a single family home and I want to flip it but, I do not want my purchaser to know what I payed for the house. Instead of assigning the contract as I usually do, I want to do a double or simultaneous closing. My attorney says it cannot be done and then proceeded to say it’s illegal in New Jersey to do a double/simultaneous closing??? Is my attorney on the up and up??? BESIDES!!! what’s all this stuff I hear about a double/simultaneous closings??? Everyone seems to be doing it!!!
I stand to make a quick $10,800 if I act quickly
Any New Jersey attorneys or anyone out here to HELP ME