REAL ESTATE: Provides with respect to the wholesale of residential real properties
Signed by the Governor. Becomes Act No. 807.
Summary
The bill amends the language governing wholesale sales of residential real estate to state that the purchaser must supply all necessary closing funds to the original owner and seller. This change directly impacts buyers, sellers, and owners involved in wholesale residential transactions by clarifying who must provide the money at closing. The measure has been signed into law and is now Act No. 807.
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