Paperwork - Yes, a Newb invades this thread!

[Todd Gustafson]

Hello everyone,

I'm interested in wholesaling and rehabbing properties. I'm working on establishing an agent now, so I have some questions in the meantime.

I'm curious. After reading a lot and listening to audio seminars, do title companies have all the documents necessary for creative closings (double closings, assignments, quit claims, etc)? In addition, what should I expect to pay for closing costs on REO closings? I assume there is a standard rate or scale or something???

TIA

[Audley Humes]

I've only done Short Sales thus far, but looking to close on my first REO in about 3 weeks. So, I'm still a newbie to REO's, but what I can say about them is this, if you go into purchasing an REO with the mind set that, "It doesn't matter, because I can bail out of the contract during the inspection period if I can't find a buyer" you will start making a bad name for yourself very quickly in your area. JMO.