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What title company should I use
Hi everyone, I am looking for a title company in Texas and i don't know which are wholesaler friendly so if any of you can give me a recommendation it would be nice.
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ther than a name-drop, here's how to qualify one yourself in a day or two, since "wholesaler friendly" varies branch to branch even inside the same title company in Texas. Call the commercial or investor desk, not the residential front desk, and ask four questions: (1) Do you close assignments of contract, and will you show the assignment fee on the settlement statement or do you require a separate disbursement? (2) Do you do double closes, and do you allow the end buyer's funds to fund the A-B leg, or do you require independent transactional funding? (3) What is your turnaround on a title commitment, and who is my dedicated escrow officer I can text? (4) Will you hold a small earnest money deposit, and do you charge a cancellation fee if the deal dies? If any of those get a vague answer, move on - a good investor escrow officer answers all four in one call without hesitation. Two more things that save deals: ask whether they will run a full 24-month chain and flag heirship, probate, and unreleased liens early, because those are what actually blow up off-market Texas closings, not the assignment structure. And ask for two investor references you can actually call - closers who do volume will hand them over. Best source for candidates is your local REIA or a Facebook group for your specific metro; ask which escrow officer people use by name, since the officer matters more than the company. Also worth remembering Texas has no attorney-closing requirement, so your escrow officer is effectively your transaction manager - pick for responsiveness. Finally, check TREC/TDI licensing status and make sure they carry E&O, and confirm in writing before you go under contract, not after.