Title Compaies (Investor Friendly)

[Shawn Coles]

Hello all, I wanted to know if anyone in the Houston Tx area has used “The Flipmans” one page contract I was recently told a lot of title companies do not like dealing w/one page contracts here anymore and I will be using his to get my 1st house under contract was wondering if anyone had any info on what title company doesn’t mind the use of the one page contract “FliPmams“ specifically or if you recommend just using the standard 1-4 TREC please let me know thank you!

[Jon Deavers]

Hi @Shawn Coles

I would be pretty concerned about a 1-page contract having enough protection outlined for you and the seller in it. It takes almost a whole page just to list the legal description, price and terms, settlement date, and signature lines so there's a lot being left out there. The best recommendation I can make is connect with a good, reputable title company/attorney and ask them for a contract template and not the other way around. There's a reason they don't like to deal with 1 page contracts and that's because it's a legal landmine for everyone involved.