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Updated over 8 years ago on . Most recent reply

User Stats

26
Posts
5
Votes
Matthew Haskins
  • Rehabber
  • Andover, MN
5
Votes |
26
Posts

A to B, B to C Wholesale Deal - Do you transfer the Deeds Twice?

Matthew Haskins
  • Rehabber
  • Andover, MN
Posted

Hey Bigger Pockets Community,

I am looking at doing my first wholesale transaction. For reasons I don't feel like explaining here I need to do a Double close or an A to B, B to C transaction. Should I have the title company prepare the deeds for both transactions?

  • Matthew Haskins
  • Most Popular Reply

    User Stats

    252
    Posts
    131
    Votes
    Allen Fletcher
    • Investor
    • Colorado Springs, CO
    131
    Votes |
    252
    Posts
    Allen Fletcher
    • Investor
    • Colorado Springs, CO
    Replied

    @Matthew Haskins

    When you do that form of transaction you have to complete two deeds and, just to be safe, both transactions should have title insurance. Even though B (the wholesaler) holds the property for only a few minutes, they do own the property.

    Allen Fletcher

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