Simultaneous closing is a real estate seller financing technique, whereby the private mortgage note created by the seller is simultaneously sold to a note buyer on closing. == Overview == Typically, the terms of the note are agreed upon between the seller and the buyer with some suggestions from the note buyer.
Simultaneous closing is a real estate seller financing technique, whereby the private mortgage note created by the seller is simultaneously sold to a note buyer on closing. == Overview == Typically, the terms of the note are agreed upon between the seller and the buyer with some suggestions from the note buyer.
Source: Wikipedia "Simultaneous closing" · CC BY-SA 4.0
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