I live in Corpus Christi Texas and have a property under contract in Arkansas and a buyer in Memphis, I called all title companies in town asking if they could close out of state properties and the told me no they only do locally. I want to know who can I use to close my virtual deals?
@Ronald Rohde
So I should call a title company in Arkansas and open escrow ? Can I wholesale this deal just over the phone and email both contracts to them?
And to get to paid I’ll ask them to wire to my account?
So I should call a title company in Arkansas and open escrow ? Can I wholesale this deal just over the phone and email both contracts to them?
And to get to paid I’ll ask them to wire to my account?
I'm not sure I understand your question. I recommend you hire AR counsel who can advise on the legality and procedures for wholesaling in that state.
@Ronald Rohde
I mean on my virtual deal am I going to have to use a company that in the same state and county and the property or can do I try to find a attorney in my own city that close any virtual deals
@Rafael Campos
I’d recommend finding someone local to your deal for making the transaction. I gotta say this is the first I’ve heard of doing anything like this virtually, good luck!
I mean on my virtual deal am I going to have to use a company that in the same state and county and the property or can do I try to find a attorney in my own city that close any virtual deals
If your attorney is licensed in that state, yes. Otherwise, you need local title/attorney specific to the state you are closing in. For example, I'm licensed in Texas and Florida. I can close a deal in those two states, but I'm not going to Washington state...