Wraparound Mortgages and Subject to
2 Replies
Gene Boykin
posted about 1 month ago
I’ve heard that it’s extremely difficult to find title companies and attorneys to close these deals? I have read that escrow agents are to follow instructions of buyer and seller. As long as the paperwork/contracts are in order they aren’t to be subjective. I could be wrong but read in a title company association magazine from 1986.
Michael Mullins
Investor from Cedar Park, TX
replied about 1 month ago
I close about 1 or 2 a months, you want to go to a rei meeting in your area and start networking with local investors that are doing sub2 and wrapped deals. Just ask them what lawyer / title company they like to use. Then call that lawyer / title company and drop that persons name.
Ask the lawyer / title company what the process is, paperwork they need, how long it will take to close, and how much each cost.
Hope this helps
Gene Boykin
replied about 1 month ago
That helps a ton. Thanks Michael!