Disclosing a double escrow

Foreclosures, Short Sales, Tax Foreclosures
1

Is it necessary to disclose to the seller (A) when I have a double escrow (B) to (C), or can I just do the deal and not mention it?

2

Hi,

If your buying a property from seller "A" and closing to you "Investor Buyer B" and you have a legitimate escrow with a HUD 1 and your settlement documents there is no need to make a disclosure as to what happens after that!

Just don’t mention it!

                 GR
3

You must disclose to A what your intentions are usually in a short sale flip situation.

4

I have been involved in real estate a few years and when anybody starts a questions with “do I have to disclose…” the answer has ALWAYS been yes.

5

You should disclose what your intentions are. I always tell home owners that I’m an investor. It is my intention to buyer your property in a short sale then quickly resell your property for a substantial profit. I always disclose.