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Updated about 9 years ago on . Most recent reply

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14
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Dan Meier
  • Real Estate Investor
  • St. Louis, MO
4
Votes |
14
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Title searches in wholesaling process

Dan Meier
  • Real Estate Investor
  • St. Louis, MO
Posted

I plan to wholesale real estate and am trying to clear up some issues. The biggest issue I have at the moment is understanding the timing of when the title company begins a title search on a property. I'm concerned that the title company will do the search and I will not be able to sell the property, and then get stuck paying for title search. Can an assignment of contract or double closing be set up in so that the title company does not begin the title search until I have a buyer?

Please help clarify this.

Thanks, Dan.

Most Popular Reply

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1,981
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Ryan Webber
  • Wholesaler
  • Amarillo, TX
659
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1,981
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Ryan Webber
  • Wholesaler
  • Amarillo, TX
Replied

To record anything in the official public records at the county clerk's office it has to be notarized, so unless you are getting your contracts notarized then you won't be able to record it.

Blake check out this post to get more info on what exactly to file and how it works:

http://www.biggerpockets.com/forums/93/topics/31536-investors-cutting-wholesalers-

You can also get quite a bit more info on it all just be searching for "cloud title" in the search function of the forum.

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