Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

16
Posts
0
Votes
Rory C.
  • Wholesaler
  • Irving, TX
0
Votes |
16
Posts

Investor Friendly Title Company - Dallas

Rory C.
  • Wholesaler
  • Irving, TX
Posted

Hello everyone!

Can anyone recommend an investor friendly title company in Dallas or the surrounding areas?

Most Popular Reply

User Stats

211
Posts
152
Votes
Chris Feltus
  • Residential Real Estate Agent
  • Fort Worth , TX
152
Votes |
211
Posts
Chris Feltus
  • Residential Real Estate Agent
  • Fort Worth , TX
Replied

@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.

Loading replies...