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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Double Closing Funding Posted by Flipant. on March 19, 2009 at 6:18 PM In Reply to: Re: Double Closing Funding posted by Flash Funder on November 19, 2008 at 11:32 PM If you have any questions, all questions, even if stupid, be sure to call Old school title, if they don't return your call, call them back they are very busy but can help you. Be persistent, ask for Bob Middleman exclusively. Call, call, call till you get your answer, they will close you. Also Coastal funding can answer all of your questions, keep calling till they fund your deal They work special deals for their preferred clients so don't take no for an answer. : Funding for your flips with no credit check and 100% funded. Nationwide title company service available as well. Title company will close land trust flips & option Contract. Ask about our Nationwide end buyer funding. Funding for the "B" sells to "C" transaction. : http://www.Coastal-Funding.com : : : Go to the following link and get funded. There are recorded interview with several gurus : : and interviews about other programs as well such as tenant buyer financing and investor loans, they can refinance your own loans on your house also. : : I know of a company that provides wet funds for double closings. They will fund your purchase from the short sale seller so that you can take full title and be able to transfer it to your buyer. They also have a title company that is national. If interested send me an email to Ty@rmbloans.com : : Go to the link to request information: http://9633.goinetusa.com/forms/index.cfm?id=82273&winpop=1 : : : : : : I am running into problems finding a title company that will perform double closings on short sale transactions when there is conventional financing for the end buyer. Does anyone know of a title/escrow company that will do a simultaneous close without disclosing to the end buyer's lender? : : : : : : Is buying with my own funds and then selling in a separate transaction the only way??? There's got to be way around this but Im not having any luck talking to any of my contacts.....Help : : : : : XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX : : : : : FF: : : : : : 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! : : : : : The only legal way that I know of to do this ... is to put the property in a Title Holding Land Trust with the Seller/Settlor Beneficiary owning 100% of the Beneficiary Interest. Then have yourself, : : : : : End-Buyer, and a Private money Lender or Hard Money Lender (HML) added to the trust as Co-Beneficiaries. Use the Private/HML money to pay-off settlor loan, on the HUD1 the Trust is named the BUYER. : : : : : Once the closing for the loan is finished, continue with the next closing with the Trust as the seller ... and escrow pays the HML, the seller, and you as Beneficiaries! Of course, the HML is going : : : : : to want some very high interest points for this one-day loan! There will be no problem with Escrow Officers, Title Insurance Co., Lenders, or Loan Seasoning Issues. : : : : : Jerry-Ca. : : : : XXXXXXXXXXXXXXXXXXXXXXXXXXX : : : : I made a mistake above ... "Use the Private/HML money to pay-off settlor loan, on the HUD1 the Trust is named the Buyer." It should have been Buyer on HUD1 for loan pay-off and Seller on HUD1 to End-Buyer! : : : : Jerry - Ca. Call Old School title, they will answer all of your questions, even if stupid, be sure to order title as soon as you have a deal, even if there is no end buyer. If Bob Middleman doesn't return your call, keep calling, they are busy, call a couple times a week until you get a return call, they will get your deal closed, at least till get your deal closed. They don't care about FHA seasoning either, don't let them say no! They close them for preferred clients. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : If you have any questions, all questions, even if stupid, be sure to call Old school title, : if they don't return your call, call them back they are very busy but can help : you. Be persistent, ask for Bob Middleman exclusively. : Call, call, call till you get your answer, they will close you. Also : Coastal funding can answer all of your questions, keep calling till they fund your deal : They work special deals for their preferred clients so don't take no for an answer. : : Funding for your flips with no credit check and 100% funded. Nationwide title company service available as well. Title company will close land trust flips & option Contract. Ask about our Nationwide end buyer funding. Funding for the "B" sells to "C" transaction. : : http://www.Coastal-Funding.com : : : : Go to the following link and get funded. There are recorded interview with several gurus : : : and interviews about other programs as well such as tenant buyer financing and investor loans, they can refinance your own loans on your house also. : : : I know of a company that provides wet funds for double closings. They will fund your purchase from the short sale seller so that you can take full title and be able to transfer it to your buyer. They also have a title company that is national. If interested send me an email to Ty@rmbloans.com : : : Go to the link to request information: http://9633.goinetusa.com/forms/index.cfm?id=82273&winpop=1 : : : : : : : I am running into problems finding a title company that will perform double closings on short sale transactions when there is conventional financing for the end buyer. Does anyone know of a title/escrow company that will do a simultaneous close without disclosing to the end buyer's lender? : : : : : : : Is buying with my own funds and then selling in a separate transaction the only way??? There's got to be way around this but Im not having any luck talking to any of my contacts.....Help : : : : : : XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX : : : : : : FF: : : : : : : 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! : : : : : : The only legal way that I know of to do this ... is to put the property in a Title Holding Land Trust with the Seller/Settlor Beneficiary owning 100% of the Beneficiary Interest. Then have yourself, : : : : : : End-Buyer, and a Private money Lender or Hard Money Lender (HML) added to the trust as Co-Beneficiaries. Use the Private/HML money to pay-off settlor loan, on the HUD1 the Trust is named the BUYER. : : : : : : Once the closing for the loan is finished, continue with the next closing with the Trust as the seller ... and escrow pays the HML, the seller, and you as Beneficiaries! Of course, the HML is going : : : : : : to want some very high interest points for this one-day loan! There will be no problem with Escrow Officers, Title Insurance Co., Lenders, or Loan Seasoning Issues. : : : : : : Jerry-Ca. : : : : : XXXXXXXXXXXXXXXXXXXXXXXXXXX : : : : : I made a mistake above ... "Use the Private/HML money to pay-off settlor loan, on the HUD1 the Trust is named the Buyer." It should have been Buyer on HUD1 for loan pay-off and Seller on HUD1 to End-Buyer! : : : : : Jerry - Ca. : Call Old School title, they will answer all of your questions, even if stupid, be sure to order title as soon as you have a deal, even if there is no end buyer. If Bob Middleman doesn't return your call, keep calling, they are busy, call a couple times a week until you get a return call, they will get your deal closed, at least till get your deal closed. : They don't care about FHA seasoning either, don't let them say no! They close them for preferred clients. [ 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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