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David Jonsson
  • Investor
  • Madison, WI
12
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56
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title work before assigning contract?

David Jonsson
  • Investor
  • Madison, WI
Posted Mar 30 2014, 16:02

I assigned a Contract to Purchase, and then I ordered the title work. It occurred to me that perhaps I should have made sure title was clear before selling my "equitable interest". Especially since the buyer gave me cash deposit towards my assignment fee. I will get the rest of my fee at closing when the title company cuts the checks.

So do you order title work immediately for every property you get under contract before you even start marketing for buyers?

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