Sellers disclosures??

I have never HAD to disclose to the bank or seller when I double close using transactional funds. I fully disclose to my seller anyway. I DO have to disclose to my buyer when we do a simultaneous closing (use the buyers funds to fund my purchase from the bank) I have never had to disclose to the lender, only my buyer. Get a title company that knows how to do this stuff, they are out there. If the bank finds out you are double closing, they may kill the deal. This is along the same line of reason the banks use when they do not allow assignments on REOs. I do these all the time! I am in Colorado.

Michael Mangham
MD Home Acquisitions LLC

Thanks Michael! Im wondering if maybe it varies from state to state? Im in Missouri.

I am also in missouri and I have done two double closings. One I had to inform the bank and the buyer. which they both approved. The other we disclosed nothing.

The first I used Mokan Title The second I used Superior Land title which is by far way more investor friendly If you are in the KC metro area let me know I will be glad to give you their number.

Awesome!!!! I would love their number. I have used Accurate Title. Do you know anything about them? Never had any issues but like i said just concerned about my deal being killed if the bank says no. Which bank approved it if you dont mind me asking?

I believe it was liberty bank but we didn't disclose it until like 2 days before closing:) Sending you a PM now with contact info for Superior.

As long as everyone is getting their money who cares? I agree with you totaly..