Updated about 15 years ago on . Most recent reply
double closing & transactional funding & clauses
Is there a way to do a double close w/o trans funding? What other methods are there?
Is this a smart idea? In order to cover any losses, I get a non refundable down payment from end buyer that includes the 1.75 to 2% interest on the trans funding and additional amount for me and seller. Is this what you experienced investors do?
So, if the end buyer backs out, would this type of clause on the option help? if the end buyer backs out, investor still has the remaining time left of the time period stated in the option, otherwise, the option is voided.