do I need escrow company and title company?

Question

While looking for an investor friendly title company I found an escrow that would do wholesale deals. There was a open escrow link on the website. It specifically for the name my title company. Do I need both escrow company and title company?

Louis Davis · Answer

@David Rey

Typically when I write out my contracts, I include the name of the Title/Escrow company along with the name of the Escrow manager. Disclosure is always key and you want to be sure that the seller is being taken care during the closing process while you are lining up your buyer.

The phrase (Investor friendly) has always made me laugh. There are title companies that are more difficult than others but they all generally know how to read contracts and close deals for you. The key is building a relationships with about 2 or 3 companies you feel comfortable with so when you do use them, they already know the process and you won't have to break it down again.

Hope that helps!

Curtis Rouse Jr · Answer

Hey @David Rey, most Escrow companies have recommendations or vendors that they use for those title reports so I would reach out and ask them. Like you also mentioned it's good to know they are investor friendly and have completed transactions like you are looking to do. Feel free to message me if you have any additional questions and Best of Luck!