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Updated over 8 years ago on . Most recent reply

Account Closed
  • Residential Real Estate Agent
  • Knoxville, TN
8
Votes |
41
Posts

What title company do you use for a Double Close in TN?

Account Closed
  • Residential Real Estate Agent
  • Knoxville, TN
Posted

Anybody out there in Tennessee (hopefully in Knoxville) willing to share what title company they use to conduct a double close? 

From my research I'd determined that (hopefully correctly):

-Assignments in TN are ILLEGAL but Double Closes are LEGAL (anyone know the specific statute that addresses this?)

-There are definitely folks in Nashville that are doing double closes, so it is likely legal.

-Most title company have no idea what I am talking about, even most of the in-house lawyers don't.

I've called 20+ title companies and they either say it is either illegal or don't know exactly what I am talking about. 

thanks

Most Popular Reply

User Stats

51
Posts
29
Votes
Adam M.
  • Denver, CO
29
Votes |
51
Posts
Adam M.
  • Denver, CO
Replied

@Account Closed It's all about how you approach them. Sound CONFIDENT and don't use a typical newbie guru script. Think about what assignments and double closings are for. It's originally not a making money strategy it's in law as an "exit strategy". So you want to come across as an experienced investor already doing deals and some of them you'll assign or double close for a fee to sell the contract because you have investors you work with that want what you happened to already have. Does that make sense? Assume they do it. Say, "You DO handle assignments and double closings right?"

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