Wholesale - Ever been burned?

[Ryan Keeslar]

I have recently entered into a purchase agreement on a wholesale deal. I just did a quick search and realized the seller is not listed on the property assessors site. Has anyone been burned in a wholesale deal? Please note I am using a title company to close the deal but this is cash so there is no bank backing me if it turns into a fraud situation. this is my first time dealing with a wholesaler 

[Louis Davis]

@Ryan Keeslar Just talk to the wholesaler. Ask them if they have the deal locked up with the home owner directly or if they are daisy chaining the deal which means they got it from another wholesaler and that's why the names aren't matching. Fyi, it's the title company that protects you not the bank. If title verifies that the property has clean title and the name on the contract matches the owner name on the property then it's all good. Where you may be getting burned is that there might be a multiple wholesalers involved so you might be paying about 2-3 different wholesalers. 

Good luck, 

Louis