Do you guys know of any good title companies that will work with TX Wholesalers

[Account Closed]

Do you guys know any companies in Bryan-College Station, Houston, Dallas and Austin, for starters? That understand Wholesale transactions especially.

[Guy Gimenez]

Title insurance companies, not unlike any insurance company, want to reduce their liability and ensure their team's time is well spent on a potential transaction...they want to get it closed. The reason so many title insurers refrain from working with assignments is because so few assignors are educated about contracts, how to properly assign, what happens if an assignee is unable to close or what the assignor's liability is when the assignor is unable to locate an assignee. It's not that title companies don't understand assignments, it's that assignors don't understand assignments. Assignments occur every day with few issues but only when the assignor is knowledgeable and ethical. Failed transactions cause sellers to become upset with both the assignors and the title company. Most assignors could care less because they're not building a business. Title companies typically care very much about their reputation and understand how a quickly it can be damaged by a third party who is unaware of the assignment process.