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Updated almost 6 years ago on . Most recent reply

User Stats

193
Posts
143
Votes
Angie Shires
  • Real Estate Broker
  • Tyler, Tx
143
Votes |
193
Posts

How to obtain title from a wholesaler

Angie Shires
  • Real Estate Broker
  • Tyler, Tx
Posted

I am needing clarification on assumption. We are purchasing a home from a wholesaler who closes tomorrow...I assumed the title company would have something to do with our assumption...but apparently that isn't correct? How will title actually pass to us? The wholesaler we are using is brand new...this is his first closing and our first time closing through assumption...add to that a title company that is hundreds of miles away, with a lack of communication. 

Any info is helpful! 

Most Popular Reply

User Stats

193
Posts
143
Votes
Angie Shires
  • Real Estate Broker
  • Tyler, Tx
143
Votes |
193
Posts
Angie Shires
  • Real Estate Broker
  • Tyler, Tx
Replied

@Patrick Daniel  we got the assumption part cleared up, but the brother and sister who own the property are in disagreement about a lien...going to be delayed over drama...but we will end up getting there. 

It is just a new person problem, he didn’t communicate well with title or owners. A learning experience for both of us! 

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