Hi, This is my first time on the forum, even though I am not new to the site. I have been involved with wholesaling for 2 years and just took Dwan Bent-Twyford’s course in Short Sales. I have already been successful with a good SS package. One bank of three has already accepted my SS offer. I have no way of getting in contact with Dwan or her office. Her course teaches that a double closing has to take place because the bank won’t allow you to assign the contract. My contract has been accepted and now I have found an end buyer but the title companies that I have interviewed tell me that I cannot be on title and that I have to use a company name with a fee on the HUD. My question is if Dwan says that I have to be on the chain of title with a double closing, when a title search is done, anything that is attached to me has to be paid at closing. I am actually on the deed for a minute and I am actually the owner of the property for a minute. The title company says that this cannot be done because whatever liens I have are now attached to the property. Is this true? Does anybody know how this actually works? Any help will be grately appreciated!!
Get option with seller. Assign option to end buyer. You will not be on title.
If you need funding let me know,I as well have a title company that close in all fifty states.I have a 50 million LOC for realestate purchase only, only criteria you must have end buyer in place and across close on same day.
A.D.Smith
adarrinsmith@gmail.com