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Wholesaling

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Carin Moore
  • Woodinville, WA
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How to structure contract for Wholesaling deal - Washington State

Carin Moore
  • Woodinville, WA
Posted May 3 2017, 22:04

We have talked with Chicago Title's senior escrow professional, and they told us it is not possible to structure a contract using "and/or assigns" with a simultaneous close in the state of Washington. Or, more importantly, we have to show funds available to close before we assign or switch to the new owner. Is that truly the case? We have talked with Mortgage lenders and no one in the Greater Seattle area seems familiar with the concept of wholesaling. Can anyone point us to a title company that has experience with a wholesale contract? Or is WA state better for flipping, the BRRRR method and/or wholetailing? Thank you for ANY help you can offer. Carin and Rod

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