What is a title company for wholesale ?

[Damian Salto]

What are good title company’s and what are they for

[Peter Walther]

Good morning Damian, I believe you're in CA so what follows is based on my experience with closings there.  Let me know if I'm mistaken.

I recommend new and old real estate investors join a local real estate investors (REI) group. There you should be able to meet and learn from experienced real estate investors about how your local market works and what the role of the various players in the transaction are.

That said, believe in CA you have escrow agents and title agents.  The escrow agent holds the good faith deposit collects payoff information from the various lien holders and prepares the closing documents.  The title agent prepares the commitment or preliminary report that sets out the requirements needed to be met for the title underwriter to insure the buyer's interest in the property.  The commitment or preliminary report will also set out matters that the policy will not indemnify against, things like restrictions, easements and other matters which may effect title.

The escrow agent then closes the transaction and sees to the recording of the document such as the deed and deed of trust if there is one.  The escrow agent also sees to the payoff interests which are not liens on the property and sends the title agent the funds from the closing needed to pay of liens against the property.  One or the other sees to the recording of the documents which need to be recorded.  When all that is done the title agent issues the title policy or policies.

This is a general overview and there are many variations. As I wrote above, I suggest you join an REI group and learn how local investors have found the process. Good luck.