2 Buyers, 2 Loans, 1 Property….is this even possible?!
I have a farmland listing(currently off market) that has an offer with 2 separate sets of buyers(related) and mortgages. Buyers attorney and lender have expressed that they will have proposed tracts that loans will be originated on while new pins will be assigned POST closing and sellers will not have to make any changes to the parcel prior to closing. Am I out of the loop or is this not possible… how is a bank originating loans on “proposed tracts” with the property being and staying on one pin through closing???
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