Talk to your banker about the situation before trying to have a buyer assume the loan.

I always get a good  laugh when I sit down at a retail branch to open a business banking account and the banker glances over my operating agreement for 2-3 minutes.

Coldwell banker

I don't know that for sure and would call Schwab or a bank that has trust accounts and a banker will be able to assist with that. 

No, I think it is their self described "band of scrappy bankers and engineers" actually just trying to create a white label service where the QI has no liability and no effort to expend other than holding the money in some account doing heaven only knows what to make their profit.  

@Ted Akers  yes for instance this would not work well in WA with the excise tax of 1.78% or there about on title transfers.this was a low end deal in GA so it was a normal wholesaler approach I think the guy made 10k on the deal we made a few bucks and they absorbed the one closing costs and transfer tax which was probably nominal I would have to look at the hud.I can see this working in states were double escrows are not allowed any more... or if a wholesaler wanted to put to bed the thought that they are selling re without a license.. you know the wild wild west out there in that industry were basically anything goes   until it does not  LOL.I am NMLS mortgage banker sitting in the bullpen.. my license is on ICE but I do the CE.. just don't want to have to take the test again incase I want to jump back into doing HML.. so for right now taking title is a clear path.. no securities issues no licensing issues.. etc etc.. and 100% control. the only way I will do this these days.. but then again my clients are well known to me for more than a decade most of them and they are high volume flippers etc... so we have a lot going on...

As a Banker I have watched the housing market cool off Nationwide and rates come down.

My commercial banker always did these for me.. 

Before people get in my DMs or up in arms about how important interest rates are please take a moment to read in its entirety to understand what I mean.As a mortgage broker and banker, I often hear that a client of mine is "shopping" interest rates. 

Loved* 2024 BP awards,     What is that?