Escrow Company
why dont people go to a escrow company to handle the paperwork for a sub 2 deal
Is that a bad idea for a beginner to learn the ropes
and why
thank you all
why dont people go to a escrow company to handle the paperwork for a sub 2 deal
Is that a bad idea for a beginner to learn the ropes
and why
thank you all
It is certainly possible to do that, but you'll have to find an escrow company that understands sub2. I spoke to a few here when I was starting out last year and most didn't understand it well enough and said they didn't want to touch them (reinforcing the saying that a confused mind always says no!).
Some of them said they understood it, but didn't like the idea of you not assuming the loan directly from the lender--they didn't want to be a party to that and said no.
If you find yourself explaining in extreme detail what you're trying to do, they don't understand sub2--move on until you find one who does. Or find a good sub2 course that teaches you how to close a sub2 deal yourself (John Locke's course comes to mind, as that's the one I'm working from).
Andy