Closing Costs in a Wholesale Deal
Hello all!
I am wondering what most wholesalers do about closing costs. I've struggled to find good information about this. I am defining closing costs as the money that the title company charges.
Does the end buyer pay for the title company too? Is this amount written in the purchase agreement or reassignment contract?
Does payment for the title company come out of the wholesaler's assignment fee? Is this a clause in the reassignment contract?
I am having trouble figuring out where all the money goes during closing so any information is greatly appreciated.