Lender · St. Louis, MO · Member since 2009 · 348 posts · 164 votes
I am looking for an escrow company in Newport Beach, California that is investor friendly and experienced in "double" closes. This is a wholesale deal, A to B and then B to C. (A = The Seller, B = the Investor Buyer and C = the End Buyer) The process will go like this:
Day 1: C Buyer Wires funds into escrow for B-C
Day 1: B Buyer wires their funds into escrow for A-B
Day 2: A-B records the conveyance with the county
Day 3: B-C records the conveyance with the county
Day 3 or 4: Disbursements happen on Day 3 or 4, depending on when we get recording confirmation for the B-C transaction
Thanks Lin! I'll let you know if this deal needs a buyer -- I think they have that all hooked up. What do you focus on? SFH? Land? Commercial Mixed Use? Let me know.
Freedom Escrow would be able to help with your needs in Newport Beach or within the vicinity. I don't work for them so I can't answer many of your questions about their services but their site has a detailed list of their services. They have a lot of personal experience with real estate investing and should be able to handle your needs.