Real Estate Transactions - Managing a Simultaneous Closing & Double Closing

If you wish to purchase Real Estate Owned (REO) or short sale properties, then one of the essentials you should be familiar with early on is the double closing or simultaneous closing. These will play an important part in how you manage your real estate interests, deals and funding. The double closing happens when the property is transferred quickly from the original owner, to the transaction coordinator and then to the new owner. This can take place in quick succession, generally in the space of a few hours; hence the term double closing relates to the double transfer of the property in that short period of time.