How long should title search take in North Carolina?

Question

I am wholesaling and recently assigned my contract to buyer. The property is owned free and clear with owner owing some taxes on property. I reached out to an attorney for closing and am currently waiting on title search and closing date. The attorney informed that process would take about 2 weeks. It has been 3 weeks. What is the normal time frame for title search and closing process? Is this a normal time frame? The attorney informed that they also have other title searches that their researchers have and that I will be notified as soon as search is complete. In the meantime my buyer and seller are getting anxious.

All input is appreciated.

Dawn White · Answer

YW, hope to see you around soon Terrance!

Terrance Merck · Answer

Thanks Dawn attorney completed title search in 3 weeks a few more particulars to hash out. I will definitely keep Brian Elam in mind. I do attend REI meetings in area. Deal Makers is pretty awesome. Eric F. It is a cash deal and thanks for inPut and advice.

Eric F. · Answer

Is it a cash transaction? I'm on day 15 of an all cash close in Wake County. They got the title work back on the 12th day.

3 weeks to close is not a big deal, but if he is not done it could be a while longer to get it scheduled. When does your contract expire?

Dawn White · Answer

Brian Elam is a good RE atty.  All he does is work with investors.  Check out his site on at InnovativeClosingSolutions.com.  I've met him at the REIA meetings in GSO.  I've got an appointment to meet with him myself as I too am a new investor, with little money, so am wanting to do wholesaling, lease-options and subject-to transactions.  I'm in the Elkin, NC area and may be stretching my market close to W-S.  Have you gone to the W-S REIA meetings yet?  They are extremely helpful.  Lots of contacts to make!  I'm sure Brian can help you out...give him a try!  Good luck.

Terrance Merck · Answer

Thanks Charles Smith. I figured that this was unusually long. Does anyone know of credible real estate attorney in Winston Salem area who is familiar with wholesale process?

Charles Smith · Answer

wow that's long the search is typically 1-3 days. The title company has a hourly employee that does it. I'm in Wilmington NC it takes my attorney a day or two.