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Updated over 10 years ago, 08/27/2014

User Stats

211
Posts
64
Votes
Jared K.
  • Real Estate Investor
  • Somerset, KY
64
Votes |
211
Posts

Buyer wants to use his title company to transfer but I am doing a back to back at my title company. What has been your experiences with this? Any suggestions?

Jared K.
  • Real Estate Investor
  • Somerset, KY
Posted

So here is the deal!! I have wholesaled several properties but this one is a little different. I am going to be doing a back to back closing in another state other than mine at a title company that has been doing the work for my purchase. All is ready to transfer to me then my buyer. My buyer wants to use his title company to transfer the property to him, which is also in another state of HIS residence, b/c they are cheaper, he is familiar with them and they handle all his transactions, paperwork etc and he trust them very well. My buyer will be paying all transfer costs

If I plan on using my buyers funds to close the deal for me at MY title company I would rather him send the funds directly to my title company, which he might, but if he doesn't want to do it that way, then what??

Will the 2 title companies collaborate to get it done?? Is this a common scenario you guys face also b/c its not been for me??  I believe I have seen this topic but I need suggestions asap b/c this is taking place today!!!

What has been your experiences in this situation?? How did it turn out?? Best solution??

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