Q1: What is Double Close?
Double Escrow is when a wholesaler buys a property and then sells it immediately to another buyer. It’s used in some states to comply with laws that restrict direct contract assignments.
Q2: Which states require double closing?
Oklahoma, South Carolina, Illinois, Pennsylvania, North Carolina, and Minnesota often require or strongly encourage double closing due to licensing and regulatory rules. The law can change from time to time so please research for the latest law changes.
Q3: Can wholesalers buy properties directly?
Some states allow it, but many require wholesalers to hold a real estate license or use double closing to avoid legal risks.
Q4: Why is double closing necessary?
It prevents wholesalers from acting as unlicensed brokers by temporarily taking title before resale.
Q5: What risks do wholesalers and investors face when buying directly without a license and no double escrow?
Ignoring licensing laws can lead to fines and legal trouble. Conduct due diligence, understand state laws, and use double closing or get licensed if needed.
Q6: Can I use my own title company?
Yes, you can. Bring your own title company, as long as they’re capable of same-day closings.
We work with your preferred title company while we serve as your transactional partner.
Q7: How quickly can you get back to me?
Same day. Sometimes within hours depending on daily volume.
Power Your Double Closings with Fast Funding and In-House Escrow
- Fast, reliable funding for wholesalers and flippers.
- Secure fund quickly.
- Back-to-back closings on the same day.
- No cash tied up.
- In-house Double Close Escrow
- No credit check. No personal guarantee required.
Local 24 Hour Title Closing for Investors
Local Title Services for Real Estate Wholesalers