Discussion: Pass Through Closing
I met with a realtor yesterday and he asked me if I could handle a pass through closing. I told him that I haven't done one in a while, but I would love to dust off my skills. The only problem is that I have no idea what he is talking about. Can anyone out there enlighten me concerning this concept?
I am guessing this is the same thing as a double closing or simultaneous closing.
Basically this is when your buyers money comes to the closing table and is used to fund your purchase. Basically you buy and sell the property on the same day and you collect a check for the difference.