🚨PSA - There is a new law in Maryland effective October 1, 2025 that directly targets wholesaling via contract assignments. (SB 160/ HB 124)🚨 Key points: 👉A “wholesaler” must disclose in writing to the seller and to the end purchaser that the contract is being assigned (i.e. the wholesaler holds an equitable interest rather than outright ownership) and may not be able to convey title directly. 👉If that disclosure is not given, the seller or the end buyer may rescind the contract (terminate) without penalty prior to settlement, and the deposit must be refunded. 👉The law applies prospectively (i.e. to contract assignments following its effective date) not retroactively. So the legislature is making sure there’s transparency: that the parties understand the wholesaler is not the “real buyer” in the traditional sense, and exposing the risk of rescission if the wholesaler fails to disclose. Assignment-based wholesaling is still allowed, but now has stronger disclosure and rescission risk. ❓So, should wholesalers Double Close every deal now? No, not always. But yes - wholesalers should lean into double closings more often than before, especially on deals where: 👉The margin is tight, and you can’t afford a rescission event. 👉The buyer is resistance to assignment risk. 👉The deal has complex title or other risk that warrants more control. Wholesalers should keep assignment deals in their toolbox — but treat them as higher risk post-SB 160 unless they’re executed perfectly. Over time, double closings may become standard in Maryland for higher-end or riskier wholesale deals. ⭐️ Partnering with a reliable Transactional Funder will ensure speed, consistency, and the financial backing necessary for success when leveraging the Double Close strategy. I’ll handle the funding, so you can focus on pursuing more opportunities! ❓Would you like to leverage the Double Close strategy on your next deal? Or know someone that would benefit using this strategy and will need transactional funds to get their deal across the finish line smoothly?