Title Company For Wholesaling
Wholesale Transaction Services in Real Estate
District Title provides real estate wholesaling services to its clients in the Washington, D.C. area. This process involves an individual, the ‘wholesaler,’ who acquires a contract from the seller of a property and assigns that contract to an end buyer.
This title service provided by District Title takes into account every aspect of the wholesale process. From assisting you in entering into a contract with the seller to helping you market the home and double-close or assign the contract to a buyer, our real estate and title attorneys know what it takes to achieve that crucial balance of speed and meticulousness.
District Title helps ensure that all-important paperwork is in order, we carefully examine the title of the subject property, draft a title insurance policy, and ensure that the assignment is conducted efficiently.
Contact us to learn more.
Benefits of Wholesale Transactions
The more that investors learn about wholesaling, the more they realize just how beneficial it can be.
A great place to start for investors. Learning real estate investment strategies can be tough, but once you have an understanding of how wholesale transactions work, you will realize they are great for beginners. Even more so when you have District Title by your side.
No money or repairs are required. You don’t need any cash, credit, or any money of any kind in order to engage in this transaction. And, if the property needs any work done to it - that is left for the buyer to worry about it, not you.
Wholesale transactions can be handled from anywhere. Thanks to the advances in technology, you don’t need to physically be in the same location as the property.
Houses are always in demand. For investors wanting to make money, you need to go to where the demand is high - and real estate is where you will find it.
High return with minimal risk. Wholesale transactions provide investors with a lot of control. This means that they are ultimately in control of their ROI. And without having to invest any actual funds, you don’t lose anything if the deal falls through. So, a high return and low risk? Those are two very important components of a real estate investment strategy.
Why Work with District Title?
Wholesaling often catches the eye of investors looking for easy strategies to make money in the world of real estate. And while the potential for returns is quite good, it helps to know what you are doing. This is where an experienced title company comes in.
With decades of experience, twenty convenient office locations, two dozen attorneys, a team of mobile closers covering the entire Mid Atlantic, and a high level of commitment, the best way to ensure you have a successful wholesale transaction is to have the experts at District Title on your side. Contact us today to get started.
What does a title company do? Do I really need one?While you don’t need one and you are not legally required to do so, having a title company on your side as you purchase real estate or refinance your property can be highly beneficial. Title companies provide title insurance after a thorough title search, draw up all the documents, handle the escrow account, facilitate the closing, record the signed documents and title, and so much more. At District Title, we provide many services to ensure a smooth and easy process - all the way through closing.
What are the benefits of using a title company?Title companies can offer many benefits. Perhaps one of the most important is title insurance. Without it, you could be leaving yourself at risk should any title defects arise.
What is the difference between a lender’s title insurance policy and an owner’s policy?A lender’s policy and an owner’s policy are two different types of title insurance. Although they are both created to protect any title defects, it is who they protect that is different. A lender’s policy protects the financial interest of the lender. It is good for the value of the mortgage, decreasing as the mortgage is paid or refinanced. Once the loan is satisfied, the lender’s policy will no longer be effective. An owner’s policy protects you - the new owner of the property. It ensures that should any unforeseen issues arise pertaining to the title of the property, you are protected financially and with a legal defense. This owner’s policy remains in effect as long as you have an interest in the property.
Is title insurance required for buyers?Title insurance is often required by lenders. They want you to purchase a lender’s policy to protect both their financial interest in the property as well as their lien position. As for your own protection with an owner’s title insurance policy, it is not required though highly recommended.
Is title insurance necessary for a refinance?Because a lender’s policy is good for the value of the loan, refinancing means purchasing another lender’s policy. This will be for the new loan amount and will, again, be in place until the loan is satisfied.
What happens if I don’t have title insurance?Not having title insurance can leave you vulnerable to defects in the title. These can include: - Judgments and liens - Tax liens - Public records/ recording errors - Encroachment with neighbors - Clerical errors or omissions - Easements - Conflicting wills - Fraud and/or forgery - Missing heirs Should you face any of these issues (or similar situations) you may find yourself with a lot of headaches and a potentially costly battle.
How can I learn more about District Title’s services?If you are looking for a full-service title company that can offer you convenience and professionalism, as well as a smooth and efficient closing process, then look no further than District Title. Contact our office at 202-518-9300. Or, if you are ready, you can order titles on our website any time, day or night.