Works and transactions in real estates : working is real estates

Fatawa Question

[Question One] : Wa Alaykum Assalam Warahmatullahi Wa Barakatuh I just noticed that you replied again after we met at your house early this year. I wanted to review your answers. So Assignment of contract and double closings are both permissible ? when we met you said assignment might not be allowed. ok that helps me a lot. Thank you for your help. And if there any more information you have regarding the permissibility or real estate investing strategies please let me know. I really appreciate you teaching me about this matter [Question Two] : Double closing : 1. You have a property under contract to buy for $ 100,000 2. You find a buyer who'll buy from you for $ 120,000 3. Seller, you, and buyer, are all present at escrow 4. Escrow uses buyer's $ 120,000 to fulfill your sales contract with the seller and pay off property for you 5. Escrow cuts you a check for the difference = $ 20,000

Fatwa

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Publication Date

2006-09-28

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-788593

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