Complex Concurrent Closing Success Story
- Price: $1,145,985
- Beds: 3
Property Description
Complex Concurrent Closing Success Story We recently helped a homebuyer navigate a highly complex transaction involving the sale of their current residence and the purchase of a new home through two closely coordinated escrows. The original plan was to have the departing residence close one day before the purchase of the new home, allowing the proceeds from the sale to be used seamlessly for the next transaction. However, midway through escrow, the buyer for the departing residence unexpectedly canceled the purchase, creating significant challenges and uncertainty. To preserve the home purchase, we quickly adapted to changing circumstances, evaluating multiple options as the borrower explored leasing the property and later secured an off-market buyer. Throughout the process, we worked closely with all parties involved to adjust strategies, maintain qualification requirements, and keep both transactions moving forward.
Property Details
| Price: $1,145,985 |
| City: Redondo Beach |
| State: CA |
| Zip Code: 90278 |
| Beds: 3 |
