Wholesaler's title company

[Eli M.]

Dear BP family,

For the first time in my life I'm buying a property from a wholesaler, and he is insisting on using his title company.

I wanted to know the opinion of BP community, is that something normal for wholesalers to do or is it a red flag and I should be suspicious ?

Thank you all in advance,

Eli K 

[Shari Peterson]

One other point -- many of the highly reputable title insurance companies underwrite double closings. I've closed with nationally reputable First American, Chicago Title, Stewart Title, Fidelity, to name a few. These are the companies that underwrite and actually provide the title insurance for the transaction. However, it is less common to find as many agents of these title insurers who will conduct a double closing. Think of the title insurer (e.g. First Amerian) as a country and the individual agencies (e.g. Surety Title) as states within that county. The country sets the rules but each individual state can fine tune and further restrict those laws.