Questions about OH title companies

Wholesaler · Member since 2021 · 22 posts · 10 votes

Does Ohio Title companies do assignment and double closing? I know some of them are investor friendly but say they dont due assignments. Can you use any title company in Ohio for closing? Also is an assignment agreement different from a purchase agreement?

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Brandon SturgillBusiness Member

Real Estate Broker · Columbus, OH · Member since 2013 · 3k+ posts · 1k+ votes

Title companies are pretty standard...the only real difference is customer service. Most reputable title agencies won't work with wholesalers....they have enough legitimate business closing $400k homes in my city to be pretty selective. That said there are companies that will work with wholesalers and maybe even double close...the best approach is to start calling around...let them know exactly what you are trying to do and see how they react.

A purchase contract and assignment of contract would be 2 independent documents.

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Brandon SturgillBusiness Member
Real Estate Broker · Columbus, OH · Member since 2013 · 3k+ posts · 1k+ votes
5y
Title companies are pretty standard...the only real difference is customer service. Most reputable title agencies won't work with wholesalers....they have enough legitimate business closing $400k homes in my city to be pretty selective. That said there are companies that will work with wholesalers and maybe even double close...the best approach is to start calling around...let them know exactly what you are trying to do and see how they react.
A purchase contract and assignment of contract would be 2 independent documents.
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Jesse LeBlanc
Investor · Atlanta, GA · Member since 2016 · 627 posts · 374 votes
5y
Your best bet is to call and get acquainted with an investor friendly closing company. Or find a couple of other local wholesalers where you'd like to market and see which company they use for referrals to save you time.

Yes, the Purchase and Sale Contract is different than an Assignment of Contract document.

Incase you are ever in a situation that the buyers lender or the closing attorney won't allow pass through funding on a double close, or you just choose not to use that option, I do offer Transactional Funding on double closings as well.
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Nicky Wade
OP
Wholesaler · Member since 2021 · 22 posts · 10 votes
5y
Originally posted by @Brandon Sturgill:
Title companies are pretty standard...the only real difference is customer service. Most reputable title agencies won't work with wholesalers....they have enough legitimate business closing $400k homes in my city to be pretty selective. That said there are companies that will work with wholesalers and maybe even double close...the best approach is to start calling around...let them know exactly what you are trying to do and see how they react.
A purchase contract and assignment of contract would be 2 independent documents.

Thanks
1 Reply
Nicky Wade
OP
Wholesaler · Member since 2021 · 22 posts · 10 votes
5y
Originally posted by @Jesse LeBlanc:
Your best bet is to call and get acquainted with an investor friendly closing company. Or find a couple of other local wholesalers where you'd like to market and see which company they use for referrals to save you time.

Yes, the Purchase and Sale Contract is different than an Assignment of Contract document.

Incase you are ever in a situation that the buyers lender or the closing attorney won't allow pass through funding on a double close, or you just choose not to use that option, I do offer Transactional Funding on double closings as well.

Thanks

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Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
5y
Originally posted by @Nicky Wade:
Does Ohio Title companies do assignment and double closing? I know some of them are investor friendly but say they dont due assignments. Can you use any title company in Ohio for closing? Also is an assignment agreement different from a purchase agreement?

I have a couple of title companies that do double closings in Ohio.
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Zeke Liston
Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
5y
Originally posted by @Nicky Wade:
Does Ohio Title companies do assignment and double closing? I know some of them are investor friendly but say they dont due assignments. Can you use any title company in Ohio for closing? Also is an assignment agreement different from a purchase agreement?

Yes, there are several in Columbus that I know will do double closings.
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