wholesaling/deed and title question - Posted by DJ MacGown-Mi

import · December 18, 2002, 2:52pm

Posted by Kristine-CA on December 18, 2002 at 16:41:03:

In the case of assignments, where your buyer takes over your contract, the property would be deeded from the seller to your buyer. You can also do a double closing, where you are buying from the seller, selling to your buyer. The escrow company will use the funds from your sale to fund your purchase. The remainder would go to you. In that case, the property is first deeded to you and then you deed to your buyer.

You can read about both double or simul closes in the archives. Also check out “assignments”

Sincerely, Kristine

import · December 18, 2002, 2:52pm

wholesaling/deed and title question - Posted by DJ MacGown-Mi

Posted by DJ MacGown-Mi on December 18, 2002 at 15:52:22:

Hey everyone!

If you are wholesaling to a retailer (a rehab investor) would you have the seller give you the deed and take title of the property and THEN deed the property to my buyer at closing or would you wait until the closing and have the seller give the deed directly to my buyer without even taking title to the property myself. Please clarify, I’m a little confused. Thank you!

DJ