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Updated almost 7 years ago on . Most recent reply

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14
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A Xiong
  • anchorage, AK
3
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14
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My title company backed out HELP!!!

A Xiong
  • anchorage, AK
Posted

Hey guys, I have a property under contract and before hand I spoke with a title company and they assured me they do assignments of contracts but now after looking at the contracts they are backing out saying that since the price I got it under contract to is different from the price I'm assigning it to they wont be able to close. I've contacted a couple of other escrow officers (not from a title company) and they seemed like they would be to set up the escrow. Can we close escrow with someone else (not the title company)? And have the investor record the deed with the title company?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Originally posted by @A Xiong:

Hey guys, I have a property under contract and before hand I spoke with a title company and they assured me they do assignments of contracts but now after looking at the contracts they are backing out saying that since the price I got it under contract to is different from the price I'm assigning it to they wont be able to close. I've contacted a couple of other escrow officers (not from a title company) and they seemed like they would be to set up the escrow. Can we close escrow with someone else (not the title company)? And have the investor record the deed with the title company?

if the buyer does not require title insurance just prep the deed yourself.. meet at the bank have them hand you cash and you hand them the deed and let them go record it..

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JLH Capital Partners

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