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Updated about 4 years ago, 09/29/2020
Is Wholesaling Done For in (Hampton Roads) Virginia???
I'm an agent here in Hampton Roads (Coastal) Virginia and a former wholesaler. I've been told time and time again that the laws have changed in reference to doing wholesale deals. Specifically, assigning of contracts. I have at least one title company here on the coast that will actually complete assignment contracts which means to me that wholesaling is not yet illegal. What say you?? Is wholesaling illegal here in Virginia? Who are the title companies here in Norfolk and points coastal that will still close these types of deals?
I'm curious but kinda angered that these agents are all up in negative emotions about wholesaling. We are really doing a great service (so I thought).