How do I find an "investor friendly" title company?
Good job. You found one. It's us at Silicon Title.
For those of you who might be new around here and just aren't quite sure what you've stumbled upon with Silicon Title, or just what characteristics make a title company "investor friendly," we've developed a handful of frequently asked questions to make you feel comfortable using Silicon Title as your investor friendly title company in Florida:
1. Can you explain how you work with simultaneous closings?
This usually occurs with Florida real estate wholesalers when they are looking for an investor friendly title company. Essentially, the investor would like to use the END BUYER's money to close the transaction with the Florida title company instead of using hard money or their own capital to float the transaction until the end buyer pays for the Florida property.
2. How is a simultaneous closing different from a double-closing?
A double closing will usually invlove a well funded investor who has secured the property with their own funds prior to selling the property to another individual in rapid succession. Often the same day.
3. Will Silicon Title settle a transaction for a Florida Land Trust?
Any Florida title company that holds themselves out as being an investor friendly title company must work with Florida Land Trusts, it's part and parcel to the gig!
Generally, you do not need to provide a copy of the Florida Land Trust, but in some instances we may need a copy of the trust to satisfy our underwriters.
4. Does Silicon Title work with "Subject To's" or "Sub 2" or "Sub To" investment transactions?
Of course. Florida Sub 2 investment transactions aren't terribly common, but they can happen in the world of Florida real estate wholesaling.
Essentially Subject To investing means that the investor will pay the existing mortgage while the property remains in the seller's name, but the investor takes title to the property.
5. Does Silicon Title understand that my deal is different? My deal is special! Have you ever seen this Purple Title Cow?
Look. We get it. Sometimes investors are a little unorthodox when getting a deal papered. We will work with you, and while we haven't seen EVERYTHING... we understand the intricacies and nuances of an investor transaction.
We are looking to get you paid fairly and securely whether you are making $25K on a wholesale transaction or undergoing a multi-million dollar commercial acquisition. Don't worry. We got this!