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Updated over 3 years ago on . Most recent reply

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B Lacy
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16
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P&S agreement and assignment agreement

B Lacy
Posted

Where can I get a legitimate contracts or can someone help me get these contracts that work for Georgia title companies. 

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Jake Wiley
  • Investor
  • Charleston, SC
198
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Jake Wiley
  • Investor
  • Charleston, SC
Replied

@Will Kenner - There are title companies that deal with plane Jane transactions every day, just like Real Estate agents.   They are not overly comfortable with assignments, not sure how they record, get squirrely on title and insurance etc.    

I have found title companies that sponsor local REIAs are typically more investor-friendly.   Stuff happens, sellers get flakey, buyers are slow to get to closing, there may or may not be funds sitting in escrow for the fees.    On wholesale deals, titles can get interesting with a lot of these things having successions that may or may not have been done.    

I like my title company to be totally in the loop on the agreements I am using and able to quickly tell me if the title is so bogged down the deal won't get done in a reasonable time quickly before I spend time working my buyers only to have to pull out.   In the event that more time is needed a good title agent can help maximize the contract terms and communicate with all parties before a bunch of amendments have to be signed.   It makes a huge difference.   

If you are wholesaling - you've got to control as much of the process as possible and have an attorney that gets it and is willing to jump in with you to keep things moving.     The good ones get that you might have some contracts that aren't great and require more time than usual, but if you are doing all of your closings with them, most of them are simple and they make great money on the relationship overall.     

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