Title Companies
We are starting in on the Double close foreclosure business. Question: we have a bank willing to do this. Does the title company setup all the required payments to all parties involved (Bank REO dept., disperse funds etc.) We have a RE attorney but wonder whether to bring him in the picture or do we supply the RE (buyer) contract to the attorney then onto the Bank mortgage officer for approval. We know the steps on Double closings but I am limited on what happens after we win the REO contract, we find a qualified buyer with bank financing, then to title company (what goes on here?) is it best for me to meet with a title company and explain how I am doing this or are all title companies familiar with this process?
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