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Updated almost 12 years ago on . Most recent reply

User Stats

91
Posts
10
Votes
Gerald David
  • Medford, OR
10
Votes |
91
Posts

Oregon title help

Gerald David
  • Medford, OR
Posted

Happy Friday! I purchased an inheritance list from US Lead List for 4 counties as my local area is quite small. I have the mailers ready to mail with a great yellow letter, but I wanted to make sure a local title company could execute an "assignment" contract. I also want to make sure my contract is Oregon compliant.

Well, after my conversations today with 2 local title companies, it looks bleak. They are telling me that I DO need to be a realtor and that they cannot do those kinds of deals as they would incur fines and such. One company said that the last time they performed a deal like that was 2003...and fines were incurred to many individuals.

I know there are wholesalers in Portland, but it's 300 miles away. Do I contact a title company in Portland and get my issues resolved so I CAN mail these yellow letters and get my 1st deal?

Any thoughts would be greatly appreciated. Thanks!!!!

Most Popular Reply

Account Closed
  • Investor
  • Central Valley, CA
3,729
Votes |
6,037
Posts
Account Closed
  • Investor
  • Central Valley, CA
Replied

My guess is that you are explaining what is you want to do all wrong. Or just wrong enough. :) Marketing to an inheritance list has nothing to do with a signed purchase agreement and assignment agreement. So this isn't really a probate/estate deal question. Escrow/title don't "execute" assignments. What is it that you are trying/wanting to do? Let's sort it out and figure out what words and phrases you should use.

To be honest, you don't really need to find a title company asap. There must be someone out there in guruland teaching that as an important step. Because we see a LOT of posts on that topic from newbies here at BP. You need to mail those letters and find a seller, negotiate a deal, get a contract, and then find a buyer. Escrow and title is the least of your worries.

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