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Updated 12 months ago,

User Stats

89
Posts
135
Votes
Robert Williams
  • New to Real Estate
  • Joliet, IL
135
Votes |
89
Posts

Title company in Illinois refuse to do a double close…

Robert Williams
  • New to Real Estate
  • Joliet, IL
Posted

So I have been calling around trying to get lists from title companies in Illinois (no lick as of yet) but was informed by all of them that they cannot do double closings unless the first transaction is escrowed, or they and the bank sign off. I am really disturbed by this as it makes wholesaling virtually impossible without the cash buyers fronting the money for the first close or actually having the money to cover the first transaction. I’m brand new to this and now I feel like all my work towards finding motivated sellers and paying for business cards and yellow letters is in vain… Can someone please make sense of this for me please?

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