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Updated almost 7 years ago,

User Stats

13
Posts
1
Votes
Rob Toste
  • Tracy, CA
1
Votes |
13
Posts

wholesale closing in california

Rob Toste
  • Tracy, CA
Posted

Hello Everyone, I had a question about the closing of a wholesale deal that I haven't found the answer to here on bigger pockets. 

.Once you find a deal and get it under contract do you first take the contract and Ernest money to the title and then try to find a buyer or do you find a buyer then take the contract and earnest money to the title company.

.Also what happens if it is the first case scenario as stated above and you find a buyer on the last day of the due diligence period and then that buyer needs a due diligence period, what happens from there.

. Also how does it work with the communication with the title company, say you deliver the documents to the title company and then they don't hear from you for entire closing process. what happens. could someone walk me through the closing process and the possible scenarios around the closing of a deal.

I would really appreciate it, thank you.

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