Pass Through Funding on a wholesale deal - Which states allow
We have done several wholesale deals in Georgia. We usually use the funds from the buyer to close the transaction. This is usually called Pass Through funding and avoids the use of transactional funding .
While several closing attorneys do it here in Georgia , i heard its not allowed in Florida .
Does anybody know in which States this type of transaction would be possible ?
In particular , I was wondering about Alabama , Mississippi and Luisiana but would be curious if there is other States as well.