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Updated about 5 years ago on . Most recent reply

User Stats

38
Posts
14
Votes
DuBois Othero Toy
  • Chicago
14
Votes |
38
Posts

Title companies that are wholesale friendly ?

DuBois Othero Toy
  • Chicago
Posted

I'm in the Chicago land area. Does anyone know of any wholesale friendly escrow companies or closing agents ?

Most Popular Reply

User Stats

103
Posts
90
Votes
Justin Abdilla
  • Attorney
  • Chicagoland
90
Votes |
103
Posts
Justin Abdilla
  • Attorney
  • Chicagoland
Replied

I'm in the near-west suburbs and I use Citywide Title.  They'll normally drop the crap on the title insurance like the Search Update Fees and they'll eat the wire fees sometimes.  They use First American's Rate card but they're a little more consumer friendly than First American or Chicago Title or Stewart.

Citywide has been great for me when it comes to selling anything distressed.  They wrote properties for me last year when we couldn't find previous lienholders, some properties had judicial encumbrances, some properties were short-saled, they were just great.  If you're doing wholesaling I think they're probably the best for you.

Assignment of Contracts aren't hard to do and are routine in my firm.  I think you can find an attorney to help you out with this without much hassle. 

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