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Updated over 4 years ago on . Most recent reply

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9
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Abraham Lozano
  • Texas
1
Votes |
9
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Title company does not know what Wholesaling is

Abraham Lozano
  • Texas
Posted

Prior to finding a property I went to a title company and talked about wholesaling and they mentioned they could help me close. Today I got a property under contract. I was so excited as this was my first deal. When I took the contract to the title company they told me they do not do contract with wholesaling. In order to go through, I would have to pay the amount the seller wants first which defeats the whole purpose of wholesaling. I went to another Title company and the same deal. I live in a small town and those two title companies are the only two in the whole county. What do I do at these points? Any advice?

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Replied

@Abraham Lozano did your purchase and sales contract include and/or assigns. You would assign your buyer with the contract for a fee.

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