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Anthony Clayton
  • Commercial Real Estate Broker
  • Fontana, CA
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Don't do Double Close Escrow for Short Sales

Anthony Clayton
  • Commercial Real Estate Broker
  • Fontana, CA
Posted Aug 12 2009, 15:16

I have been seening alot of post of how to do double close in CA.

YOU CANNOT OR YOU WILL BE IN JAIL

Detectives label this transaction as "you a perpitraitor". You will be in prison 5-10 years even on the first offense.

As you know they do not like us investors, so they have made a rules on short sales. Short sales are a dangerous game.

To make it easy if you do a SS keep it for CASH FLOW ONLY. Because even if you flip it after 90 days the seller can still go after you.

You want less headaches not more.

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