OfflineHey does anyone have any experience going about finding out whether title companies require "seasoning" or not? I am currently looking to utilize a sandwich lease option strategy in which I will eventually have a dual closing with the seller, myself and the tenant-buyer. I want to know if I can even pull this off in my state? Any advice would be great.
Matt
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I suggest you make some calls to the title companies in your area and ask. Sometimes it it a choice by the title company and sometimes it is a requirement of the lender used by the purchaser that the title be "seasoned". At least with the sandwich lease you have some time to work out the details before closing.