Good evening everyone...I was wondering on the Title Companies. Here in my area my partner has been calling various title companies about doing double closings, etc. They don't know what she is talking about. What are the best questions to ask them for them to understand what we want from them? I would appreciate any feedback...thanks and have a great evening.
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Here are some that do them in other areas of your state. Try calling them and ask if they can refer you to someone in your area. Or look to see if they have branch offices in El Paso.
Providence Title-San Antonio ask for Angela Marrero
Hayes Law Firm- DFW
Torok Law Land Title- Houston
Or, if you are still wanting to call around El Paso yourself, ask if they have "a rep that works with investors". If the person answering the phone is not used to investors they may not know what you are talking about when you say "double closings". Most of their biz is regular closings with banks, not creative things, so you have to find the right person (the one that works w investors). But asking if they do "double closings" IS the correct terminology once you find the right person.
Good luck!
Karen
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other REInvestors that attend will be able to tell you which title co's will do 'back to back'/'double closings'
Mike
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1) Do you do assignments?
2) Do you do dry double closings?
3) or Do you allow the first transaction to be funded by the second transaction?
We explain that we put out multiple offers and sometimes we may have too many to close at once, and therefore we may assign our contract to another investor we know. We therefore want to know if the title company allows assignments and whether they allow dry double closings, so that the first transaction may be funded by the second transaction.
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