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Definitions for "Simultaneous Closing"
Keywords:  note, finances, creative, close, sell
Related Terms: Owner financing, Seller financing, Closing, Purchase-money mortgage, Purchase money mortgage, Purchaser, Completion, Vendor take-back mortgage, Vendor take back mortgage, Closing day, Buyers broker, Land contract, Closing date, Double escrow, Seller take-back, Private treaty sale, Vendee, Installment sales contract, Close of escrow, Respa statement, Settlement, Contract for deed, Early occupancy, Uniform settlement statement, Vendor's lien, Selling agent, Chain, Buyer's broker, Buyer broker, Private sale, For sale by owner, Settlement statement, Transaction broker, Cooperating broker, Listing agreement, Lease-purchase, Escrow company, Sales concession, Auctioneer, Buyer's agent, Real estate broker, Real estate agent, Escrow closing, Hud-1 uniform settlement statement, Installment contract, Buyers agent, Contract sale or deed, Fsbo, Sellers agent, Co-buyer
a process by which someone selling their property can carry the note or take back the note on the property and sell the note at the same time they close on the sale of the property
americancashflow.com
A real estate owner agrees to accept a private mortgage note in order to speed up the sale of the property. Then, during the closing process, the real estate seller immediately sells the private mortgage note for cash. The result is the same for the seller as a cash sale.
bcslinks.com
The term "simultaneous closing" refers to two closings occurring simultaneously, or at the same time. This is a creative technique used when traditional financing will not work.
foreclosureuniversity.com
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