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Updated almost 9 years ago on . Most recent reply

User Stats

22
Posts
9
Votes
Sebastian Bedoya
  • Passaic, NJ
9
Votes |
22
Posts

Title company

Sebastian Bedoya
  • Passaic, NJ
Posted
The past few days I've been having difficulty finding a title company that works with wholesalers. Just yesterday I was able to find one that understood when I explained about a double closing or simultaneous closing. I even went as far to be specific with him and mentioning about two separate transactions and all that and that I was aware of it. He mentioned that he did do those type of transactions but that there needed to be a disclosure to the seller saying that I would be profiting from this deal and how much. I was taken aback because I thought the purpose behind a double close was that only I knew what my profit was. How true is this and has anyone had any issues with double closings.

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