Wholesaler-Friendly Title Order Request
Our Preferred Title Company
Cypress Ascendant Services
Walter A DeVenne III
walter.devenne@ca-svs.com
727.224.1720
Nationwide Closings Available (Contact Walter)
Wholesaling & Investor-Friendly Closings Nationwide.
*** Only submit title order requests when you have a fully executed purchase agreement and the end buyer has signed your assignment contract!!!
Complete The Form Below To Order Title.
Starting the process:
A purchase agreement is signed by the seller and wholesaler and delivered to the closing agent with the assignment contract and escrow check.
The escrow is accepted by the escrow agent, often by written notation on the contract. The escrow agent starts the closing process by opening a title order.
The file begins to be processed. Tax information, loan payoffs, survey (if necessary).
homeowner/maintenance fees, inspections/ reports, hazard and other insurances, and legal papers are ordered. Also, a title search is ordered.
Title search and examination:
This is a search made of public records. Records searched include deeds, mortgages, paving assessments, liens, wills, divorce settlements, and other documents affecting title to mortgages, paving assessments, liens, wills,
divorce settlements, and other documents affecting title to the property.
Title examination is the examination of the documents found during the title search that affect the title to the property.
This is when the legal owner is verified, and the debts owed against the property are determined. Upon the search and examination completion, a title commitment/preliminary report is prepared, reviewed, and sent out to
interested parties
Document Preparation:
The closing agent reviews instructions and requirements, reviews instructions from other baries to the transaction. roviows ocol ond oon documente assembles chargos probaros from other parties to the transaction, reviews legal and loan documents, assembles charges, prepares closing statements, and schedules the closing.
Settlement/Closing:
The escrow or settlement agent oversees the closing of the transaction. The seller signs the deed and closing documents. The buyer signs their documents. The seller. wholesaler. real estate agents. attorneys and other parties present at the closina of the The seller, wholesaler, real estate agents, attorneys, and other parties present at the closing of the transaction are paid
Post Closing:
After the signing has been completed, the escrow or settlement agent will forward payment to any lien holders and pay all parties who performed services in connection with your closing (if they have not been paid).
The transaction documents are recorded in the county in which the property is located. Title insurance policies are prepared and sent to the new owner.
This all happens without any further actions by the buyer, seller or wholesaler.
Notice to Wholesalers:
It s your responsibility to keep everyone informed of the progress throughout the closing process. Stay in touch with your title agent by phone or email and make sure they have everything they need from the buyer and seller.
Keep the buyer and seller posted on the projected closing date and any other pertinent information.
Remember... You only get paid if the deal closes!!!
Have Your Buyer Lined Up? Order Your Title Today!
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