Double Closing a Wholesale Property...Title Won't Do a Hold Open.

[Mark Lopez]

This is a real estate wholesale deal. Any idea why a company wouldn't allow a hold open? I'm selling the property to an end buyer within hours, but the title company insists that I pay $800 on the purchase and sales transaction ($1600) for title insurance. I tried telling them since i'm not holding the property i'd like to do a hold open. they said they can't...any idea why?