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Updated almost 9 years ago,
NY Title companies and closing day. What really is the protocol?
Good evening BP millionaires in the making,
I am putting my team together and have emailed a few title companies.
One company so far told me flat out that they weren't interested and then today I had the privilege to gain the interest of another company (being that this is such a feat... I was HAPPY to engage in an actual dialogue) I digress.
He stated that he was concerned that I was asking for assistance with them closing with no lawyers present for both seller and buyer.
Okay BP NYC wholesalers, what is the protocol?
I've been taught that the title company does 90% of the work and that this is fairly "easy" once we get the buyer and seller together.
It appears to be that double closing and choosing to not have the buyer know my assignment fee may be a quest.
Please, any successful (CLOSED DEALS) wholesaler in NYC PLEASE RESPOND.
1.How did you go about closing your deal?
2. Was counsel present for both sides?
3. Was your assignment fee known to one or both parties?
4. How long was the entire process?
5. Do you have a title company that you can refer that is "willing" to conduct the transaction with a double close?
6. Can you email me the contracts that you use? Kindly inbox me.
I look forward to learning from your experience and I'm MOST appreciative!