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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Double Closings Posted by SC on April 06, 2008 at 0:25 AM In Reply to: Re: Double Closings posted by Jerry - Ca. on April 04, 2008 at 3:57 PM Jerry, Your solution sounds pretty good. Have you or other people tried it out before? Also, I am still confused about several things. Would you mind shedding some light on the following questions? 1. Why is it that double closing is considered bank fraud that escrow and title companies shun it? 2. I do not understand “Buyer on HUD1 for loan pay-off and Seller on HUD1 to End-Buyer.” Please explain. 3. Aren’t there two HUD1’s involved here – one between you and the Seller/Settlor, and the other between you and the End-Buyer? The HML’s funds are used for the 1st transaction, and the End-Buyer’s funds for the 2nd transaction? 4. The closing of the 1st transaction precedes the closing of the 2nd transaction by only a day or less. How is the seasoning issue taken care of? How does the Trust help here? Thank you in advance for your help. SC Follow Ups: Re: Double Closings Jerry - Ca. 2:42 PM, 04/06/08 (0) Re: Double Closings Jerry - Ca. 11:26 AM, 04/06/08 (1) Re: Double Closings al 1:35 PM, 11/18/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Jerry, : Your solution sounds pretty good. Have you or other people tried it out before? Also, I am still confused about several things. Would you mind shedding some light on the following questions? : 1. Why is it that double closing is considered bank fraud that escrow and title companies shun it? : 2. I do not understand “Buyer on HUD1 for loan pay-off and Seller on HUD1 to End-Buyer.” Please explain. : 3. Aren’t there two HUD1’s involved here – one between you and the Seller/Settlor, and the other between you and the End-Buyer? The HML’s funds are used for the 1st transaction, and the End-Buyer’s funds for the 2nd transaction? : 4. The closing of the 1st transaction precedes the closing of the 2nd transaction by only a day or less. How is the seasoning issue taken care of? How does the Trust help here? : Thank you in advance for your help. : SC [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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