Absentee ownee wants to use their Closing Agent (Wholesale Deal)?

Absentee ownee wants to use their Closing Agent (Wholesale Deal)?

Dallas, GA · Member since 2016 · 10 posts · 0 votes

I'm currently have a property under contract and the seller wants to use their title company. How do I avoid this? I was planning to do a double close. My contract doesn't state where closing will take place (lesson learned) but it does state where the EMD will be held which happens to be my closing attorney.

Any help would be appreciated! Also, does it matter that the seller is in another state? Doesn't the property & title company have to be in the same state? Thanks!

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  • Killeen, TX · Member since 2016 · 30 posts · 14 votes
    9y

    If you have the property for a severely discounted price, then the seller has a high level of motivation.  I doubt that you renegotiating the closing company will sour the deal for the seller.  Even if it does, reach out to the closing company to see if they are investor friendly, and do the deal. 

  • Dallas, GA · Member since 2016 · 10 posts · 0 votes
    9y

    So the closing company doesn't have to be in the same state as the property?

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