Transactional Funding Details
I'm doing my first transactional funding transaction. I'm the "B" in the A sells to B, B sells to C. C is a cash buyer. It's a large dollar transaction. I believe that I require that C sends funds to the closing attorney 24 hours before the AB transaction so I'm not stuck with a situation where I purchase and C walks at the last second. What else do I need to know or do? Thanks in advance. The buyer is providing a material non-refundable deposit. I don't want to do an assignment on this transaction. Thanks in advance for your insight.
