Pennsylvania Wholesale Question

[Michael Majer]

I notice with most wholesalers I have worked with, the title company is stated in the purchase agreement. In Pennsylvania, isn’t the buyer allowed to determine what title company they want to choose for closing?

I’m not an attorney and don’t pretend to be. But if it’s true that buyer can choose title company, why and how do wholesalers push the closing company of their choice?

And as a buyer, how can someone bring that up to a wholesaler when working on a purchase? Will wholesalers walk away from the deal? Can they do that, legally?

Just curious. Thanks.

[Peter Walther]

In my experience, he who pays for the insurance gets to choose the settlement agent.  Also in my experience, a title agent may show a repeat customer such as a wholesaler, more "flexibility" when it comes to clearing title requirements and defects.  That flexibility may cause the buyer problems down the road.