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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Double Closings Posted by Micah on April 25, 2008 at 9:00 PM In Reply to: Re: Double Closings posted by Jerry - Ca. on April 04, 2008 at 3:57 PM "On Short Sales I understand that it is considered Bank Fraud to do double/simultaneous closings. That's probably why you're having trouble with Escrow Companies and Title Insurance Companies!" That's not correct. It only might be fraud if you don't tell the short sale lender. Simply include it in the contract and/or the HUD-1 you send the short sale and now they've been informed. And believe it or not, they will still approve the transaction. I've done it with several different short sale lenders and have never been turned down... unfortunately I can't find a title company who will cooperate even with shortsale lender approval. Follow Ups: Re: Double Closings Jerry - Ca. 10:02 AM, 04/26/08 (0) Re: Double Closings Jerry - Ca. 9:55 AM, 04/26/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : "On Short Sales I understand that it is considered Bank Fraud to do double/simultaneous closings. That's probably why you're having trouble with Escrow Companies and Title Insurance Companies!" : That's not correct. It only might be fraud if you don't tell the short sale lender. Simply include it in the contract and/or the HUD-1 you send the short sale and now they've been informed. And believe it or not, they will still approve the transaction. I've done it with several different short sale lenders and have never been turned down... unfortunately I can't find a title company who will cooperate even with shortsale lender approval. [ 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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