Real estate investing using a wholesaling strategy: title company

Real estate investing using a wholesaling strategy: title company

Member since 2018 · 5 posts · 0 votes

looking for a title company in orange county california. New to wholesaling real estate 

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Bakersfield, CA · Member since 2016 · 378 posts · 307 votes
8y

I only know of a few wholesale-friendly companies in my area, but it's not quite in Orange County.  This is how I found them: call a few of the well-established title/escrow companies in your area and say that you would like to speak with someone who is familiar with all the escrow services that company provides, because you have a question about whether any of your escrow officers can perform a very specific type of escrow.  Whoever they transfer you to, ask them if they or anyone in their company has experience with "assignments" and/or "double closings".  If they say yes, you found one!  If they say they don't know what you're talking about, move on.

If you are wholesaling, it's actually nice to find one really close in proximity to the area you are prospecting, because it will be a short drive for the buyer to sign docs.  Even if you live far away from the area you are prospecting, the escrow company can send docs by mail for you to sign, it's just a tiny bit of added costs to do so, but not much.

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  • Bakersfield, CA · Member since 2016 · 378 posts · 307 votes
    8y

    I only know of a few wholesale-friendly companies in my area, but it's not quite in Orange County.  This is how I found them: call a few of the well-established title/escrow companies in your area and say that you would like to speak with someone who is familiar with all the escrow services that company provides, because you have a question about whether any of your escrow officers can perform a very specific type of escrow.  Whoever they transfer you to, ask them if they or anyone in their company has experience with "assignments" and/or "double closings".  If they say yes, you found one!  If they say they don't know what you're talking about, move on.

    If you are wholesaling, it's actually nice to find one really close in proximity to the area you are prospecting, because it will be a short drive for the buyer to sign docs.  Even if you live far away from the area you are prospecting, the escrow company can send docs by mail for you to sign, it's just a tiny bit of added costs to do so, but not much.

  • Lender · St. Louis, MO · Member since 2009 · 348 posts · 164 votes
    8y

    I know of a few escrow companies that can help you with wholesale "double" closes in Southern California. PM me and I'll give you the details. 

    Just to make sure you know, in California, you cannot technically have a double close, where both the AB and BC close the same day. It is a 3-4 day process, and goes like this:

    Day 1: C Buyer Wires funds into escrow for B-C

    Day 1: Transactional Funder wires B Buyer's funds into escrow for A-B

    Day 2: A-B records

    Day 3: B-C records

    Day 3 or 4: Disbursements happen on Day 3 or 4, depending on when we get recording confirmation for C

  • Escrow Officer · Temecula, Ca. · Member since 2016 · 418 posts · 152 votes
    8y

    I am your new best friend, @Sam Ochoa ! :) I am an escrow officer in SoCal and I can close just about anything! I can handle the whole state of Ca, also!

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