Thank you Robert for making my statement clearer.  You nailed it straight on the head.  As I recall Eric did ask for opinions when he posted here wether or not he typed in "I want everyones opinion" or not.  The beauty of this site is the fact that there are knowledgeable, well resprected, and extremely experienced people who contribute to this blog site.  People like yourself, Slade and William as well as people like me and the others that write here. 

The truth hurts and sometimes it is a smack in the face to admit when one is incorrect in their thinking.  All we can do is lay out our opinion on the deal, using our experience and knowledge (which for me is 14 years in this god-forsaken business the last 4 years licensed), as we see it and hope that they listen.  I suppose it is no skin off my back if they don't.  I know I do the best job I can and have had my fair share of keepin em legal.  My favorite term is "creative financing". 

If  A-B truely stood alone than it would disburse as per the law and not sit around waiting for the next one to close prior to disbursement. 

I have had back to back closings in which a buyer bought, a seller sold and then that seller turned around and bought another home from a different seller.  No where in there was there any condition of scrap the first one if the second one doesn't close.  I have worked with numerous investors as well and have had requests such as the one Eric presented.  That is truely how I know it can't be done at least here in Ohio with my name going all over it.  I remember receiving multiple underwriter memos regarding all sorts of various examples of flips which contained a very similar situation to the one Eric presented as well.  And I will leave it at that. :)