Title company in Illinois refuse to do a double close…

[Robert Williams]

So I have been calling around trying to get lists from title companies in Illinois (no lick as of yet) but was informed by all of them that they cannot do double closings unless the first transaction is escrowed, or they and the bank sign off. I am really disturbed by this as it makes wholesaling virtually impossible without the cash buyers fronting the money for the first close or actually having the money to cover the first transaction. I’m brand new to this and now I feel like all my work towards finding motivated sellers and paying for business cards and yellow letters is in vain… Can someone please make sense of this for me please?

[Eric James]

The double close is to hide the end buyer from the seller, right? Otherwise you could just assign the original contract to the end buyer and have them close directly.