This is a transactional funding product of scrutinized policy of the state’s governments. They have enacted this law to hinder wholesalers from “flipping” real estate without any “skin” in the game. The state looks at this practice as a way to stop “dry” closings. “Dry” closing means “flipping” paper contracts without having any “real” money at the closing table for the first side of a double close.

The “old” way: The title company would use the funds from the second transaction to fund the first.

The “new” way: The title company will use “real” funds to close out the first transaction and then fund the second transaction with funds from the “end” or “long term” funding source.

There are no minimums, just minimum Fees. Feel free to download your own Double Close Application

Fee Structure for any "flip" 1-4 families

2 pts when using out title companies
4 pts when choosing your own title company

Fee Structure for properties under $150,000.00

$3,000.00 Flat fee/not including title fees of course

No credit check

For example:
A = foreclosure/bank owned home/s
B = wholesaler
C = investor/end buyer

A Bank owned property/s		Use "real" money to close out transaction
B Wholesale		Funding from end lender to pay off balance from first transaction
C Investor/End Buyer