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Updated about 6 years ago on . Most recent reply

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Manuel Ayluardo
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Wholesaling in New Jersey

Manuel Ayluardo
Posted

Hi, I’m looking to do wholesaling in the area of Northern New Jersey. Does anybody know of a Title company or attorney that you have used before that knows how to close a wholesale or assignment deal or double closing. I’m willing to pay for this information.

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Jessica Zolotorofe
  • Attorney
  • New Jersey
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Jessica Zolotorofe
  • Attorney
  • New Jersey
Replied

Hi @Manuel Ayluardo. Double Closing are nearly impossible in NJ anymore if you want title insurance. Title underwriters won't do them. Wholesaling is different and a NJ attorney can work with you on the wholesale deal, a title company doesn't need to really be involved because you don't close title, other than them putting your fee on the settlement statement if they are the closing agent. 

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