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Updated over 10 years ago on . Most recent reply

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56
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20
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Michael Slabitcher
  • Specialist
  • Miami, FL
20
Votes |
56
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Does a wholesaler in New York need both a real estate attorney and a title company?

Michael Slabitcher
  • Specialist
  • Miami, FL
Posted

Would a wholesaler in New York need both a real estate attorney and a title company to perform transactions? If I pay a real estate attorney a one time fee to write up contracts, can I deal directly with a title company? If I pay a real estate attorney to handle a transaction, would I need to deal with a title company as well? Or would the attorney handle that and would title company expenses be included in the attorney's fee? Feedback is greatly appreciated. Thank you.

Most Popular Reply

User Stats

56
Posts
20
Votes
Michael Slabitcher
  • Specialist
  • Miami, FL
20
Votes |
56
Posts
Michael Slabitcher
  • Specialist
  • Miami, FL
Replied

@Account Closed 

On my purchase contract with the seller my earnest money deposit is only $10. You would account the earnest money deposit given to the seller when you decide the assignment fee you would like to charge. Once the assignment contract is signed by both parties the end buyer would contact their title company and open escrow.

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