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Updated almost 11 years ago on .

User Stats

78
Posts
8
Votes
Eric Johnson
  • Baltimore, MD
8
Votes |
78
Posts

Buying a Property Using the Wholesaler's Title Co

Eric Johnson
  • Baltimore, MD
Posted

So a wholesaler sends me a deal that I'm interested in.  However, he insists that I use his title company and I submit half the wholesale fee upfront.  Now, to be fair.  I also wholesale and have (asked) that my buyer use my title co because I start the title work before I market the property - it expedites the process.  But the difference is, I ask.  If a buyer wants to use his/her title co I'm fine with that.

Does anyone see any potential problems with this? I have never heard of this wholesaler's title co and I'm a little concerned that I may be charged higher closing costs (I'm to pay all closing costs) than what's customary. I have asked for a pre-HUD, but the bottom line normally changes when the final HUD is prepared.

Any feedback would be greatly appreciated!

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