Question for Title Company & PSA agreements
Hi guys – few questions regarding the start of wholesaling as I do not believe I have run into answers to these specific requests when starting out, so your insight is much appreciated in reinforcing my knowledge!
When searching for assignable contracts, I assume we would we use our state’s PSA (Purchase & Sale Agreement) form right? I notice on their forms it has the option of assignability, type of financing, etc., so it seems to be we would be using these forms for our seller & also to assign. The one I have is for the state of Florida, and is 4 pages long. Please correct me if I’m wrong.
2nd question – When we have the contract locked in place with the motivated seller, and start finding buyers to assign our contracts, how do we establish the title company or who to send these contracts to? Would we literally just call any title company and send them this PSA alone?
I just seem to get stuck on the 2nd question with whether or not I have to contact a title company or how to get the right people involved to set up the closing.
Your thoughts are much appreciated, thanks in advance.