Posted by Harold on July 10, 2002 at 15:39:10:
Thanks for your input Gerald. I have already spoken with a RE attorney in my area that will do simos for me, I just didn’t know whether FNMA would object. Whould their representative accept waiting for payment until after I close with my buyer? DO they even have to know there will be 2 closings or does my lawyer just tell them that cash out will be at the end of the business day? Sorry if I seem full of questions, but I’m anxious to give this a try, this would make an awesome first deal if I can get it through.