Flipper/Rehabber · San Antonio, TX · Member since 2018 · 7 posts · 1 vote
Can anyone recommend an investor friendly title company/attorney in San Antonio. I’ve called a few title companies that said they disclose information to both parties, I don’t want the seller to walk out of the deal on the closing date. Could somebody please help.
Like @Rick Pozos said, don't get caught up in the weeds this early trying to find the right title company. Every title company works with investors. Some have different criteria for how they handle big wholesale fees, but I wouldn't worry about that at this point.
To answer your question though, I've had good success with:
The transaction has to be transparent. Any title company works with investors. The seller usually just wants the house sold, it does not matter if you are buying it or if you are assigning it. What matters is that the buyer closes when he says he will.
If you are just starting to look for deals, I would not worry about title companies right now.
Like @Rick Pozos said, don't get caught up in the weeds this early trying to find the right title company. Every title company works with investors. Some have different criteria for how they handle big wholesale fees, but I wouldn't worry about that at this point.
To answer your question though, I've had good success with:
I agree with the other posts. Also, If I don't anticipate a lengthy paperwork process (multiple family members, deaths without a will, proper docs, or probate, etc...), I close with my attorney because they won't charge either side the escrow fee. It's usually cheaper with them if the deal is fairly straightforward. You can instantly offer to the seller a saving of $325-$350 for escrow. Most attorney's will likely reduce your fees the more you close with them. I was referred to one in McAllen, Texas from an investor friend in San Antonio. If you would like, I can see who he uses in SA and that might help. I have been very pleased with his recommendation down here.
@Jake F. If I use a title company, I was doing business with Encore title on north 10th, but the closer I was using moved to Capital title on north 10th. I have dealt with Capital as well before. I have 1 flip with them right now and will be using them in the future. My attorney office is JGKL LLP in Weslaco. Ask for Beatrice Velasquez and tell them I sent you. They are unbelievable. Greatest customer service experience I have ever had with an attorney. Beatrice is an assistant and literally handles everything, always returns calls, and is a bulldog on getting paperwork done ASAP.
@Mayit Balit, I'll reach out to him and see. give me a day or two.
I did a live in flip when I got married, and then did a few more in Lubbock with my father in law before moving to McAllen. Now I partner with my brother and we are both licensed agents. Deals have been a little harder to find the last couple years but I have 1 under construction now and 2 in contract for purchase.
@Mayit Balit to answer your question regarding attorneys, I use West & West in San Antonio (most investors do). I also know a lot of people who use Judy Gray.
HI, about finding a title company, I agree that the title company comes in later for when you have to send the paperwork in for closing, but you need to know beforehand which title company so you can write it on the P&S contract when you get it signed, right?
Also, when going through an agent to try to get a deal, most of the ones Ive talked to see seem to balk at low offers and flat out refuse to even submit them to the sellers. Anyone have any tips on how to get these agents to submit low offers?
When trying to acquire REOs, the contracts are typically unassignable, so obviously you have to do a double closing. Is there any way to avoid the second double closing fee so that both closings are handled on the same day and the buyer can step in and cover the fees for both the closings or better yet, tell the title company to handle both closings as just one closing between the seller and the end buyer?