Updated over 10 years ago on . Most recent reply
Double Close or Assignment...HELP!
I have a property that I am assigning my contract and set to close in a week or so. I have a problem with the closing attorney, she doesn't want to close with my assignment agreement because she says she doesn't like the idea of "changing the original contract" between myself and the seller. Instead she wants to double close. Would someone mind giving me advice on the pros and cons. I do not want to do a double close because I do not want to go on title. Please share experiences advice etc. Thank you!
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Most of my investors write thier offer up in a disposable LLC. You would still close under the LLC that was written up under. You would then do an assignment of LLC to the new new owner. But you can still sign the paperwork at closing. Then you would need to go in to the secretary of state website to fix the registered agent. It's only $50 and it avoids a double closing.