Call the end buyer back and tell them that you are enforcing the assignment contract and that the closing will be on such and such date, and if he is not there to close he will be in violation and have such and such penalties.The signing of the assignment contract is valid, and it takes all responsibility off of you.Simply send the title company the assignment contract, the original contract, and the contact information of the end buyer.It's now off of you.

Does anybody have experience with taking title Subject To the underlying mortgage.

I want to start wholesaling but I have a couple of questions.When I'm performing a double closing are there any issues with the title of the property when the end buyer's lender see that the property changed hands the same day?

(they are not clear if both the title and loan have to be in the Corp but I'd imagine that's what they meant).

The major title companies were the first ones to have problems.

If you really want to find RE bargains find a community you get familiar with, have a title company provide you a report of property owner 65 years and older that have been in there homes more the 10 years and begin mailing an investor letter (you can write or use another investors letter) explaining you are an investor looking properties like theirs that compliment your portfolio.

Just happens to be a house that I've always admired...I used to live in the same neighborhood.Because I did not do a title search I'm fearful that there is more out there that hasn't been recorded plus it's unlikely that the auction price will stay low.

But absolutely no money down would be a no, unless you talked the seller into paying all the closing costs also.Attorney fees; title check; title insurance; taxes; in my area the total closing costs usually run about 2%.

We were supposed to sign on the 13th of October but they have been working on cleaning the title up and we withdrew from the house (not because there's no potential but there was a better house on the market with great location) The house that we got that's in a great lcoation (2 blocks from teh elementary school) is assessed at $49k - needs about $4k-$8k in repairs.

I would recommend calling a title company & get N.O.D. lists.