Double Closing in Arizona

Double Closing in Arizona

Investor · Phoenix, AZ · Member since 2015 · 485 posts · 384 votes

Title agents / real estate investors in Arizona:

Do I have to have money in the escrow account to pay for a property or can I use the buyer's money to close the sale (simultaneous/double closing)? This concerns a couple of wholesale deals I am preparing.

Thanks, Ken

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  • Doug McVinuaPro Member
    Property Manager · Queen Creek, AZ · Member since 2016 · 608 posts · 426 votes
    9y

    @Ken Breeze A few Title companies will do a double close without having your own money in place I believe.

    It may take a few calls on Monday to confirm or hopefully someone else will post on one they have recently done in AZ.

  • Investor · Seal Beach, CA · Member since 2020 · 41 posts · 29 votes
    3y

    @Ken Breeze Hi Ken, did you find an investor friendly escrow company in Arizona? I have a subto deal I will need to close Thanks. Marty

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