Updated almost 6 years ago on . Most recent reply
Investor Friendly Title Company - Dallas
Hello everyone!
Can anyone recommend an investor friendly title company in Dallas or the surrounding areas?
Most Popular Reply
@Drey Taylor There are two types of double closings. "Wet" and "dry", you are trying to do a dry double closing in which you are attempting to use the end investors money to fund the purchase to double close. Wet uses a short term transactional money which will cost you money (several points). Most title companies will not do a "dry" double closing like you are attempting to do, you will need transactional funding.
My question for you is why do you need to double close? I never double close on my contracts, I always assign them. Its a much simpler process, there is no transactional funding charge, and most investors prefer to have an assignment anyways.
If you are attempting to hide your assignment fee from you need to request that your escrow officer split the HUD1. Meaning the HUD1 gets split into two sides, and the seller and buyer will only see their side of the transaction. If you choose to split the HUD1 your fee will show up on the buyers side, but not on the sellers side.