A double closing is a set of transactions in which an investor effectively buys and sells your home in the same day (or a very short timeframe). They are, in effect, taking your equity.
Here is a lot more information on the subject. The bottom line, though, is to find a trusted agent that is not facilitating a transaction in which an investor is walking away with your equity. That’s your money.
If you are looking to buy or sell a home in the Colorado Springs area, please give me a chance. I will do right by you.