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Updated about 2 years ago on . Most recent reply

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Terri Johnson
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8
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Closing Statement for a Wholesale Transaction

Terri Johnson
Posted

I could use some advice! I didn't end up with an investor-friendly title officer as I asked the wrong people for referrals (oops) and she doesn't know how to transact a wholesale deal. How can I help her?

She is still considering me the buyer when I have assigned the contract to someone else. She is still using the purchase price that I got the contract under and not taking the assignment fee into consideration on the closing statement.

What can I do? Does anyone have an example closing statement that I can show her? This is the first wholesale transaction I have done.

Thank you!

  • Terri Johnson
  • Most Popular Reply

    User Stats

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    Eliott Elias
    • Investor
    • Austin, TX
    5,555
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    Eliott Elias
    • Investor
    • Austin, TX
    Replied

    Switch title companies ASAP. 

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