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All Forum Posts by: Adriana Orozco

Adriana Orozco has started 3 posts and replied 13 times.

Post: Investor friendly title companies

Adriana OrozcoPosted
  • Posts 13
  • Votes 6
Quote from @Abel Curiel:
Quote from @Adriana Orozco:

Hello everyone, I am brand new in the wholesaling business and I am looking to build my team of loyal and trust worthy people. Can anybody recommend the Title companies that you are using please? Real estate agents that are investor friendly will be beneficial as well. thank you!!!


 Hey Adriana!

Where in NY are you looking to wholesale? I'd be happy to recommend an attorney and title company depending on location.

Also, please keep in mind that your title company is only half the battle. Having an attorney on your side that can explain the nuances, pros, and cons to the property owner while still insuring you can flip the contract is the challenge that I've come across in NY.

Wholesaling in many instances is not in the seller's best interest especially if they have a strict deadline within which they NEED to close. Attorneys representing sellers see wholesalers as a liability in these situations and can advise sellers to sell with a Realtor or directly to an investor (preferably cash).

Best of luck to you on your journey!

Abel

Hi Abel, thank you so much for your feedback. This is very helpful information.  I am looking at deals in the Bronx and Brooklyn in Nyc. If you can share both title companies and attorneys I will really appreciate. Where are you located?

Post: Investor friendly title companies

Adriana OrozcoPosted
  • Posts 13
  • Votes 6
Quote from @Nick Belsky:

@Adriana Orozco

Honestly, nearly any national title company is worth a look and are well in the know of working with investors.

Chicago Title, Fidelity, Steward Title, etc... just to name a few.

Maybe it's just me, but the smaller, local title companies have just been horrible lately.  I provide loans in all 50 states and have never seen so many poor title companies in just the past 6 months.  I am amazed they are still in business.  Then when you do a loan with one of the larger, national companies, it is a breeze and way easier.

If you have an attorney, sometimes, they can help you as well.  They seem to be hit or miss.  If they are familiar with doing RE transactions, then they may be alright to go with, but if they don't do them regularly, pass.

Cheers!


 Thank you for your feedback!

Post: Investor friendly title companies

Adriana OrozcoPosted
  • Posts 13
  • Votes 6

Hello everyone, I am brand new in the wholesaling business and I am looking to build my team of loyal and trust worthy people. Can anybody recommend the Title companies that you are using please? Real estate agents that are investor friendly will be beneficial as well. thank you!!!