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Harlan Florence

Real Estate Closing Attorneys in Atlanta, Georgia

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Will you perform simultaneous or double closings?

A Double Closing is the simultaneous purchase and sale of real property. In a typical double-closing scenario, a real estate investor acquires property from a seller at one price and immediately resells it to an end-buyer at a higher price. The difference between the two prices represents the investor’s profit. Double Closings are also commonly-referred to as simultaneous, back-to-back, or same-day closings.

We have, and will, handle double closings under limited circumstances:

  • If an end-buyer is financing their sale, the lender must be specifically informed that the transaction involves a double closing.
  • The buy-side transaction cannot be a short sale.

As a practical matter, double closings are only possible if your end-buyer is paying with private money, hard money, or cash. No retail lender, in our experience, will approve a double closing transaction.

Harlan Florence is an Atlanta-based boutique law firm that believes there’s a better way to handle your real estate closing. We’d love to work with you. Contact us today, and let’s see what we can do together.

Photo by Henry & Co. on Unsplash

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Harlan Florence, Attorneys at Law. 5775 Glenridge Drive, Building B, Suite 550, Atlanta, Georgia 30328.
T:770 817 1012 F:770 817 1013 W:www.harlanflorence.com (but you already know that, since you're here, right?)
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