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Updated over 10 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from Monroe, New York
  • Member since Oct 13, 2015
Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Monroe, New York
  • Member since Oct 13, 2015
Account Closed
  • Monroe, NY
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Wholesaling

DOUBLE ESCROW IN NEW YORK

Account Closed
  • Monroe, NY
Posted

Hello Everyone,

I am a flipper in New York (Orange County) and I was wondering if you are allowed to use the CASH buyers own money to perform a double escrow closing during a wholesale transaction ? Or do you have to use transactional funding to do this ? I heard different answers from other sources but I want to see what the current answer is in 2016 with some new laws and/or regulations. 

Thanks A lot

Greg

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