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Updated about 3 years ago on .

User Stats

8
Posts
4
Votes
Lleyton Verheul
  • New to Real Estate
  • Sarasota, FL
4
Votes |
8
Posts

Title Company Specifics of a Wholesale Deal

Lleyton Verheul
  • New to Real Estate
  • Sarasota, FL
Posted

Hello!

I had some questions about the role of a title company during a wholesale deal. How does the title company get paid? I believe that is what closing costs are but does that mean the end buyer pays the title company separately or something? Does the title company reach out to the end buyer for all the funds required for the deal? If not, is the end buyer expected to wire his/her money to the title company? What happens if the title company isn't receiving the money from the end buyer even though all forms are signed?

Thank you so much in advance! I am going through a little bit of analysis paralysis but I just want to be sure about where every dollar is going in a wholesale deal.