title insurance needed to wholesale?

[Account Closed]

I contacted the closing attorney for a title company I used to work for to inquire whether or not they did closings for assignments and this is what he replied back to me:

"Yes we could do the closings, but you may have issues obtaining title insurance. The title insurance companies are cracking down on these types of transactions, because they look for good money transfers. If you show good money throughout you would probably be okay."

Can anyone ellaborate on this?