Maryland's wholesaling rule targets assignments on owner-occupied homes.
Maryland's SB 160 has been in effect since October 1, 2025: assigning a contract on an owner-occupied home now requires written disclosures, and the seller can rescind if they aren't given. It's assignment-focused — a double close takes title. Here's the plain-English version, and where funding fits if you buy the property instead of assigning the contract.
What the law does
Maryland's SB 160 (Chapter 509), effective October 1, 2025, added disclosure and rescission rules. In plain terms: if you have an owner-occupied home under contract and assign your interest to another buyer, you have to give the seller specific written disclosures — and if you don't, the seller can rescind the contract and get their deposit back. It's disclosure plus rescission, not a license, and it applies to owner-occupied residential property (four or fewer units), so investment or vacant property is outside it.
This is a plain-English summary, not legal advice — confirm your own situation with a Maryland attorney.
Assigning versus buying
Maryland's rule is built around assigning your interest in an owner-occupied home. A double close is a different transaction — you actually buy the home from the seller, take title, then sell to your end buyer, often the same day. Taking title changes the analysis, and whether a given deal sits inside or outside the disclosure rule is a question for a Maryland attorney. What we can speak to is the practical part: buying the home takes real money at the closing table, even if you own it only briefly.
Where transactional funding fits
We fund the purchase for the short window between the two closings, repaid out of your buyer's proceeds, so your own capital stays free. You bring a real end buyer and a closing agent; we bring the money for the hours in between.
Budget for it honestly. A double close means a second set of closing costs — commonly around 3% — plus the funding fee. If an assignment (with the required disclosure) would work just as well, that's often the cheaper path. Run the numbers first.
Need the funds to close?
Tell us the deal — type of funding, amount, and closing date. We answer quickly, and we tell you straight if it isn't a fit.
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