Banks double closing

[Ayana Mingo]

Does anyone know where I can find a lists of banks that do or don't do double closings? Or can someone tell me right off hand. I would like to wholesale reo's in the future doing double closings.

Thanks,
Ayana

[Curt Davis]

You will need to show proof of total funds to close on the transaction as the bank will not just let you lock up the home and then back out. You will also need to put about $1,000 in earnest money down. Make sure your prepared to close on the home if needed, otherwise you will find your offers not being accepted by the banks.