Sentences with phrase «simultaneous closing»

Are simultaneous closings on this type of deal possible?

Doing a double closing has nothing to do with any investor strategy other than it is a closing process that can be used to accomplish simultaneous closings, which is not illegal.

Another reason is if you are buying from an institution you need to use the double close or simultaneous close because most banks won't allow assignment fees in their deals.

P.S. I keep hearing title companies don't do simultaneous closes anymore i.e. using your buyers money to close the A to B transaction then immediately close the B to C transaction after.

I plan to flip REO out of state and use simultaneous closing.

When we tested the Note 8, we particularly liked the Dual Capture feature, which takes simultaneous close - up and wide - angle shots.

Some note purchasers will do simultaneous closes in which your buyer signs the mortgage and you sign it over to the investor.

That being said, a simultaneous closing -LSB-...]

If we were the investors, doing a simultaneous closing, we would be buying from «A» which is the bank.

The deal involved the simultaneous closing of numerous debt transactions relating to Archstone's asset - secured financing, and more than $ 4 billion of debt, including a $ 1.2 billion Fannie Mae master credit facility.

In my mind and in the phrasing of most title companies I have worked with there are: «Simultaneous Closings» - A one transaction A-B-C closing where the C funds pay off the A buyer.

Generally, what you refer to above (having the seller, buyer and end - buyer all show up to closing, and using the end - buyer funds to finance the buyer part of the sale) is called a «simultaneous closing,» and you're right that you don't see them much anymore.

I have never seen or heard of anyone pursued legally for a «simultaneous closing» or however you want to phrase using the buyers funds from the second closing to fund the first closing.

I've bought and sold a number of HUD homes using a simultaneous closing.

If you are using the end buyers funds to purchase your side of the deal, than that is a simultaneous closing and your end buyers lender will definitely not agree to it.

All you have to have is POF - you don't actually have to provide the funds if you're doing a simultaneous close.

Best way to do it is to have a simultaneous closing... look for an investor friendly title company and a hard money lender that is used often in your market and explain what you would like to do and ask them to help you accomplish it... Everyone likes to feel like an expert, they would happy to show you how it is done.

If you're closing on a deal and then reselling to your end buyer via a double or simultaneous closing, I don't see how you would be doing anything to risk your license.

Question, is a simultaneous close the answer to getting around the bank's resale clause?

If a buyer is selling an existing home to buy a home in another state, a simultaneous closing is very difficult, if not impossible, to orchestrate.

We offer excellent options for a conforming first mortgage with Home Equity Line of Credit (HELOC) simultaneous closing to secure the most favorable terms with as little as 10 % down.

Was able to acquire more property and simultaneous close the purchase and refinacne as part of the refinancing using the existing equity as a down payment

Most wholesalers do stuff in between those examples — assigning contracts, double closing, simultaneous closing with marketing anywhere from mailing lists to MLS — and depending on exactly what's done (and not done), it may be legal or it may be illegal.

Do a simultaneous close so you need no money and pocket the $ 1 million differential.

Buy note, close on refi - They said you could do this in 7 to 10 days, but i'm not sure why you couldn't set up a simultaneous closing.

I would try to do a simultaneous closing (close on the note and the refi) or close to it, so that I would only need a short term loan.

Whether the transaction encompasses a simultaneous closing or the transactions are linked together, «if you have buyers interested in the concept, then you have to figure out what terms are acceptable to both,» says Bertamini.