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Updated almost 11 years ago on . Most recent reply

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Caleb Wiley
  • Atlanta, GA
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HELP!!!!

Caleb Wiley
  • Atlanta, GA
Posted

 Help need a title company/ lawyer solution! Like yesterday. 

I need a referral today!

I need a title company /lawyer in South Carolina who can close a wholesale double closing ( simultaneous closing) deal front to back. A company who has a history of deals using transactional funding. Who is comfortable with a nice profit spread. A company who will issue title insurance for two buyers. A company that is reliable and can get the work done. I need a company who is creative and forward thinking and works with investors who do real deals! Who has a track record of doing these types of deals! 

I have a deal that was suppose to close on June 27. 

I have burned through two lawyers/ title companies who said they could close a Wholesale deal using transactional funding. One said by law they had to disclose to the seller and buyer how much money I was making. 

The other said the seller could come back to sue us if they closed because they were selling at such a discount. 

I need a referral today! Of title company who can get the job done! 

Caleb Wiley 

CJW Investment Group LLC


Most Popular Reply

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Dev Horn
#3 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Arlington, TX
2,226
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Dev Horn
#3 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Arlington, TX
Replied

Why are you doing the transaction that way? Why wouldn't you just assign the contract to the cash buyer and then there's a single closing and you get paid off the HUD at closing? (and yes, both parties would see what you're making...)

Seems like going to an extreme to arrange for transactional funding and a special double/simulatneous closing just to obscure your profit.  Are you concerned that someone would back out of the deal if they became aware of your profit margin?

  • Dev Horn
  • Loading replies...