Posted by NJ on April 19, 2000 at 18:11:18:
Thanks for the response, I’m in the Plainfield areaa. Thanks also for the encouragement.
If I understand you correctly, you’re saying once I find a buyer I should just get both contracts to my lawyer and have them arrange closing? If I that’s the case, that’s great and I can stop worrying about it.
When you do your simultaneous closes, do you take title and pay with your own money and then get a check from your buyer, or do you use your buyer’s money while you just walk away with the check for the difference in your purchse price and your buyer’s price?
I would love to give you a call to let you know how my deal goes. I also have another on the table that is almost approved, (an estate that has to go through court) and another that we have been countering back and forth.
Are there title companies that are more receptive to simultaneous closings or do they all do them?
Thanks in advance.