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Updated over 3 years ago on . Most recent reply

User Stats

42
Posts
18
Votes
Garrett White
  • Property Manager
  • Raleigh-Durham, NC
18
Votes |
42
Posts

Double Closing Title Companies/RE Attorneys in Greensboro NC

Garrett White
  • Property Manager
  • Raleigh-Durham, NC
Posted

Hey BP,

I came across a home in Greensboro NC and have a buyer ready to move on it. I'm looking for a wholesaler friendly title company or real estate attorney. I'd rather not have the Seller see how much profit I'll be making on this deal.

Any suggestions?

Thanks,

Garrett W.

  • Garrett White
  • Most Popular Reply

    User Stats

    224
    Posts
    126
    Votes
    David Miller
    • Attorney
    • Durham, NC
    126
    Votes |
    224
    Posts
    David Miller
    • Attorney
    • Durham, NC
    Replied

    @Chris Martin is correct that most attorneys are not going to do both closings simultaneously - it creates all sorts of potential conflicts of interest. And if both buyers are not bringing purchase monies to the closing, you run afoul of the NC Good Funds Settlement Act.  The easiest route is to do a contract assignment to your buyer and have the buyer purchase directly from the seller and pay an assignment fee to you. 

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