Basics of a title company closing?

[Troy Michaels]

What generally are the basics of what a title company does in a wholesale transaction? lets assume a deal between a private homeowner and a wholesaler. no double close, use of land trust, etc.

1. what paperwork does the title company get? the original purchase contract and the assignment contract between the wholesaler and the end buyer?

2. does the title company, if they regularly do assignment deals, know to give you the difference as your assignment fee between the two contracts?

3. do you HAVE to show up at closing. ( again, assuming a transaction between private seller and a wholesaler.

4. who pays for the title check,( search for liens) you are the end buyer?

[Steve Babiak]

Troy Michaels -
Then maybe you could share what you learned, especially since you were trying to get everybody else to share info with you. That way, the next time somebody reads this thread, the answer will be there!