How do you choose a title company for a wholesale deal?
Choose a title company or closing attorney that has handled assignments or double closes before, will explain their process in advance, and holds your deposit safely. Ask directly whether they close wholesale deals, because some will not.
Ask about their fees, how they treat an assignment fee on the closing statement, whether they offer same-day double closings and how fast they can close.
In some states a closing attorney, not a title company, handles closings. Use the one that is standard where the property is.
Common mistakes
- Not asking whether they close assignments before you sign.
- Choosing on price alone and finding they cannot close on time.
- Ignoring a state that requires an attorney at closing.
More questions
What should I ask a title company?
Whether they close assignments and double closes, how they show the fee, their fees and timelines, and what documents they need from you.
Can I use the buyer’s title company?
Sometimes, if it handles wholesale deals and the contract allows it. Many wholesalers prefer their own so the process is predictable.
Do some states require a closing attorney?
Yes. In some states covered closings require attorney participation. DealRivet’s state guides note where the research found that.