Warning! Your state may not do deals strictly through title companies!

[Bryant Moran]

So basically,

I decided to wholesale in Connecticut, around the Hartford area and Whethersfield. (Expanding as I drive for dollars looking for the perfect place). So I google Title Companies in Connecticut call three separate ones up and ask them about closing and whether or not I can use the buyer’s funds to blanket the costs, or “assigning” him my contract.

These are the ones I called. Chicago Title Insurance, First American Title Insurance Company, and Fidelity National Title

They said that they couldn’t do closing with me because they sell title insurance and that I would have to close through an attorney. So now I’m confused. Does that mean that I hand him the paperwork (an offer to purchase & the assignment paperwork) and he’ll handle it? 

So, I found out that not all title companies do closing services or escrow services. Just need some clarification and costs for attorneys

Ideally, if you are an investor in the Connecticut area, I would love to know what title companies and/or attorney you guys use to close. I appreciate any feedback. Thanks guys! 

[Jay Hinrichs]

many title companies in many states do not allow pass through closings like your trying to do.. you need to bring in your own funds to close  however you get them.. then you sell to your client... this is were this wholesale industry is going one state at a time.  Mississippi stopped doing double closes almost 10 years ago for instance. and I am funding deals in MO right now because they don't allow double closings. 

on the wholesaling thread that was going around.. I made the comment that if one wants to really be a wholesaler or double closer you best get your transactional funding or money partner lined up or your going to be spinning a lot of wheels.

Attornies may take on other risks but they risk losing their insruacne carrier so you can check