Question 1

What's the difference between a double close and an assignment?

Accepted Answer

An assignment sells your contract right to the end buyer for a fee, with one closing — the original seller and the end buyer can both see (or infer) the assignment fee. A double close is two full, separate closings, which conceals both prices from each other's party but costs a transactional funding fee and a second round of closing costs.

Question 2

What is transactional funding?

Accepted Answer

A short-term loan, often for just hours or days, that lets you fund the A-B closing without having your own capital tied up — it's typically repaid immediately from the proceeds of the B-C closing on the same day or shortly after.

Question 3

When does a double close make more sense than an assignment?

Accepted Answer

When keeping the two prices confidential from each other's party matters more than the extra cost — for example, when the spread would look bad to the seller, or a state or lender restricts assignment of the contract type being used.

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