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Updated over 11 years ago on . Most recent reply

User Stats

24
Posts
4
Votes
William Petrisko
  • Multi-family Investor
  • Phoenix, AZ
4
Votes |
24
Posts

Title companies in Phoenix that will do single-funding double-escrow / double-closing

William Petrisko
  • Multi-family Investor
  • Phoenix, AZ
Posted

If anyone has title company contacts in Phoenix that are investor-friendly, and will allow "dry" or single-funded double-escrow / double-closings, it would be appreciated.

The current title company that I use will allow this, but they require extensive wording on the buyer (A-B) contract that states I am purchasing the property with a third party's money and plan on immediately selling to that third party. Also on the selling contract (B-C) that the property I am selling was purchased with the intent to resell to the third party. (Not as big of a deal.)

Is this typical?

Are there any title companies that actually do an old-school double close without transactional funding, or is this rare these days?

thanks

bill

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