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Updated over 3 years ago on . Most recent reply

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Laportia Paulk
  • Richmond, VA
0
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12
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Assignment of contract in Alabama

Laportia Paulk
  • Richmond, VA
Posted

I'm working wholesale. I haven't started on any deals as of yet because I have been unable to locate a title company that allows assignment of title. I understand most of it or how it's supposed to work anyway but I can't figure out the assignment of contract. How do I get the wholesale to the closing table without any of my own money?

AND the second part of this is in a double closing from what I understand I'd have to have the money to purchase the home first then turn right around and get the the buyer of the wholesale to basically buy it from me - is this correct does this make me the "holder" of the title for even just a few minutes.

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353
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33
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Dawn Vought
  • Buy and Hold Investor
  • Commack, NY
33
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353
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Dawn Vought
  • Buy and Hold Investor
  • Commack, NY
Replied

Try Statewide Title on North 19th Street in B'ham, Linda Neely, or Battles Law Firm in B'ham, Cindy Battles. Both are investor friendly.

If you're looking for a good wholesale deal, please email or message me, as I am selling one of my Birmingham houses.

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