Escrow & Title
In a NH 'double closing' (simultaneous closing), a real estate investor buys a property and immediately resells it on the same day. Potential legal issues include:
ANo issues as long as both transactions close in sequence
BPossible seasoning requirements by lenders, disclosure issues, and potential claims of predatory flipping✓ Correct
CNHREC automatically prohibits double closings
DDouble closings require NH Superior Court approval
Explanation
Double closings involve rapid resale, often at a profit. Legal issues include: lender seasoning requirements (some lenders won't fund if the seller has owned for less than 90 days), disclosure requirements to buyers about the prior purchase price, and potential concerns about predatory transactions.
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