The owner tells me they are motivated to sell and willing to considerably discount the property for a fast transaction, without realtors, commissions, closing costs, etc.  

Hope everything goes smooth with the transaction.

Assignment fees are nice but generally they are the least profit (but also least headache) in a RE transaction.

Lastly do you know of any local Chicago land area title company who is familiar how double closing works"Chicago Title (I've used them in several wholesale transactions)

The GC can cause you a lot of problems because you have E&O insurance.E&O typically excludes the insurance holder when the insurance holder is a principal in the transaction. 

Hello Everyone,Is there anyone here on BP who does wholesale real estate transactions in Alaska?

What are the correct steps to form a partnership on a single transaction.

I will be signing the Assignment of contract today or tomorrow.Does the Seller need an attorney for this transaction or not?

There are some specific things you'll need to consider though by doing this type of transaction (Which is commonly referred to as "Sub 2" or "Subject to", meaning you're buying the home "subject to" the underlying lien staying in place).You need to properly disclose the due on sale clause, and what that could possibly mean for the selleryou need to wait 7 days before closing with your end buyer (Texas property code says that when selling a house with an underlying lien you must wait 7 days after giving your buyer an underlying lien disclosure before you can close.

I want to do some property management also as an added service from the Normal Real estate transactions that I perform.