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Raymond Lee
  • Real Estate Investor
  • New York City, NY
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Do I Really need a Title Company?

Raymond Lee
  • Real Estate Investor
  • New York City, NY
Posted Oct 19 2011, 19:23

Here's my situation:

I am attempting a wholesale deal from a highly motivated seller to a rehabber. Looking to close ASAP, possibly next week.

The seller has assured me there are no title/mortgage/lien issues. So does that mean I can forego title search/investigation because apparently it takes about 2 weeks to perform (as we're looking to close asap).

Can I just skip past a title company?

I'm thinking of just going with a real estate closer attorney to collect and distribute funds and to make sure our deal goes through.

Sorry if this doesn't make any sense or if any of my terminology is off - I'm still new.

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