What Is Title Company?
Also known as: Escrow Company
A title company handles escrow, title search, closing documents, and disbursements so the seller, buyer, and wholesaler can close cleanly.
A title company handles escrow, title search, closing documents, and disbursements so the seller, buyer, and wholesaler can close cleanly.
Title Company explained
Wholesalers need title companies that understand assignments and double closes. The title team checks ownership, liens, taxes, judgments, and other issues that could prevent a clean transfer. They also manage earnest money, settlement statements, buyer funds, and the wholesale fee disbursement. Choosing a wholesaler-friendly title company reduces friction because the closer already understands the structure and paperwork.
Example
After the contract is signed, you open escrow with a title company that can process the assignment fee on the settlement statement.
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