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Updated about 15 years ago on . Most recent reply

User Stats

5
Posts
0
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Sameer Punjani
  • Real Estate Broker
  • Fairfield, CA
0
Votes |
5
Posts

CA Title Company Won't do Double Closing

Sameer Punjani
  • Real Estate Broker
  • Fairfield, CA
Posted

Hello,

I'm new to the forums and love the information you guys have provided.

I called my local title company and asked if they do double closings, and they said they don't and don't know of any that do in Northern California. Does anyone else have a source of a title / escrow company in northern california that does double closings?

I asked what if use the transactional funding source (most want same day closings) or 24 hours max. They said it would be hard to this because they need to pull a new title report which takes another 2-3 days.

They also said they don't take the "assignment" terms in the contract. Once they see that, they won't touch it.

So my question is what escrow / title companies in Northern California handle these transactions.

2) What transactional finance companies are out there with a 5 day time period? I know 1 day runs about 2-3 points plus an admin fee....

Thanks for all the help.

Sameer

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