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Updated almost 15 years ago on . Most recent reply

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Harrison Painter
  • Indianapolis, IN
183
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Learning the "Double Close" Short Sale Model

Harrison Painter
  • Indianapolis, IN
Posted

I do short sales as an agent, but have never done the "Double Close" with transaction funding to make a spread.

Has anybody here done this, are they doing it now, and is it working?

Thanks for any help and/or advice that you can share with us.

Harrison

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James Ward
  • Real Estate Investor
  • Ocala, FL
463
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James Ward
  • Real Estate Investor
  • Ocala, FL
Replied

Harrison,

Yes, I do them all the time. We get the property under contract, work out a short sale, buy the property, and than sell it. I use transactional funding. I feel that you MUST use a title company that not only understands what you are doing, but also has performed them.
If you have any more questions, just ask.....

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