Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
Buying a Property Using the Wholesaler's Title Co
So a wholesaler sends me a deal that I'm interested in. However, he insists that I use his title company and I submit half the wholesale fee upfront. Now, to be fair. I also wholesale and have (asked) that my buyer use my title co because I start the title work before I market the property - it expedites the process. But the difference is, I ask. If a buyer wants to use his/her title co I'm fine with that.
Does anyone see any potential problems with this? I have never heard of this wholesaler's title co and I'm a little concerned that I may be charged higher closing costs (I'm to pay all closing costs) than what's customary. I have asked for a pre-HUD, but the bottom line normally changes when the final HUD is prepared.
Any feedback would be greatly appreciated!