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Updated over 7 years ago on . Most recent reply

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Mark Lopez
  • Glendale, AZ
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Paying Title Insurance Twice On Double Closing A Wholesale Deal

Mark Lopez
  • Glendale, AZ
Posted

When doing a double closing on a cash real estate wholesale transaction, have any of you had to pay title insurance on A-B & B-C contracts? 

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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

If you use the same title company for both transactions you can do a "hold open" on the AB transaction and the only pay the difference on the BC transaction.  Normally A would pay for title insurance on the AB transaction and B would pay for it on BC.  Assuming you're B, you would only pay for the difference in the two values by using the hold open.

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