How can you wholesale a reo? How can you do a double close? The bank will want to use their title company.
Hi knb901…Im also fairly new to reo’s and in the midst of wholesaling reo’s…one way is to start with a closing attorney or title company that will do a dbl.close…get a P.O.F.letter from a transactional lender…offer all cash…when the banks ready to close have them fax docs. to your attorney for you to sign…have your attorney close using your end buyers or transactional funding then fed ex. back to bank…at least thats how i understand it…someone correct me if im wrong…im trying that method… their are also other methods…search forum
tampasteph has a real good ebook on the subject. Herbster