Investor · Dallas, TX · Member since 2014 · 76 posts · 18 votes
I wanted to ask a quick question of other real estate investors/realtors/mortgage brokers on here.
What is a realistic timeline for a title company/closer to process and handle a closing? If the lending process moves quickly (ie you are paying with cash or have a hard money lender that moves fast), how much time is fair to expect from your title company/closer?
I was getting a lot of push back from the company I'm working with over a two week close, and wondered if that is common.
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
11y
Depends on how thorough you want them to be, and your location. Here, it can take over 2 weeks for city/county/utility and code violation searches for non recorded liens and these timelines are controlled by the agencies.
Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes
11y
It mostly depends on how back-logged they are (of course) and the title work. A title chain full of quitclaim deeds and land contracts will take much longer to research and insure. If the reason is that they are just backed up, find a co that's not. Don't rush the title work so much it's potentially not covered properly!