I’ve been searching high and low for a title company that will do a simultaneous close in Chicago…no luck. Most can handle back to back same day closings as long as the end buyers funds aren’t used to close the first part of the transaction. does anyone know of a title company that can make it happen?
I think you may be asking the wrong questions to your attorneys. Believe it or not, most lawyers or attorneys don’t know what a double closing is. You have to ask to speak directly with a attorney over the phone to explain to them what you are trying to do. When you get one that does, schedule an appointment with them to give them be breakdown.
If you don’t know how to explain it to them where they can understand, then let me know. Wholesaling is not illegal, therefore any attorney can close the deal. It is just best to work the ones that know what they are doing to avoid the extra fees.
I don’t think you will find any that do the old style simultaneous closing. Back to back with transactional funding is the best you’ll get anymore.
Thats been my experience. back to back seems to be alot easier to pull off.
I’m going to look into having a attorney do the closing, thanks for the advice.
How did it go for you? Did you get to closing yet? Just checkin in on ya.