Referral for investment minded RE lawyer please!!

[Anthony Snowdale]

Looking for an  attorney in Boston who understands assignment of contract and double closings. One lawyer I spoke with even said it's not legal to do a double close in MA!! Obviously not talking to the right people. Any insight or referrals are greatly appreciated. Thanks in advance for the help guys!

[Ann Bellamy]

I suspect when you described a "double close"  you were the B person in the middle as follows:

A seller

B you - buy from A and sell to C

C end buyer

If the way you described it to your attorney was using none of your own money to buy from A, (effectively using C's money for you to buy from A) then yes, he is right, you can't do that.  You used to be able to, but no longer.

Now you must have your own money to buy from A before (10 minutes before) you sell to C. This is when the rise of Transactional funding came about, which means you borrow the money for 10 minutes. We do this regularly, although not as often as we used to, because the REO deals typically have deed restrictions that prevent it.

Google Brandy Schlesinger of Grugnale and Schlesinger or Alan Segal of Segal Law Office.  Both of them are well versed in all creative techniques, and what you can and can't do.