OfflineHey does anyone have any experience going about finding out whether title companies require "seasoning" or not? I am currently looking to utilize a sandwich lease option strategy in which I will eventually have a dual closing with the seller, myself and the tenant-buyer. I want to know if I can even pull this off in my state? Any advice would be great.
Matt
__________________
I suggest you make some calls to the title companies in your area and ask. Sometimes it it a choice by the title company and sometimes it is a requirement of the lender used by the purchaser that the title be "seasoned". At least with the sandwich lease you have some time to work out the details before closing.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
I just wanted to give my 2 cents on this. title company should not care 1 way or another if you have seasoning or not. they're sole purpose is to act as a in partial party to both buyer and seller. if the seller says they care or if the buyer cares for some reason then the title company would step up and handle that situation for them.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125