Baltimore, MD · Member since 2013 · 78 posts · 8 votes
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.