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Updated about 9 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Shawn Melei
  • Hemet, CA
1
Votes |
7
Posts

Escrow company vs. Title company to do a double closing?

Shawn Melei
  • Hemet, CA
Posted

I called an independent escrow company here in Hemet, CA. I asked what would I need to do a double closing and they freaked out. They said why would you would put yourself in the middle of the seller and buyer. I informed that its called wholesaling real estate and that I'd be making a profit. She then said that doesnt sound like something we'd want to be a part of and gave the number to a title company. Should I call the title company and ask about opening two escrow accounts to do a double closing? 

Most Popular Reply

Account Closed
  • Real Estate Professional
  • Dayton, OH
187
Votes |
423
Posts
Account Closed
  • Real Estate Professional
  • Dayton, OH
Replied

That escrow agent must be an idiot or an amateur or both.  Run the other way.

A good, experienced title agent will be very familiar with a double close, back-to-back close, A to B to C close...they are all the same thing.

If they aren't or tell you it's illegal, find someone else. Certainly don't waste time explaining your business to them.  It's like teaching a pig to dance.  It's a waste of time and annoys the pig.

The world is full of ducks.  You want to fly with the eagles.

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