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a title company is going to do a title search to verify who owns the property and theyre going to find out if there are any issues such as liens or unpaid property taxes Etc theyre going to prepare everything for a closing where a change of ownership will happen between the seller and new buyer well since our plan is to assign the contract to a cash buyer we need a title company that understands how to do that we call this a wholesaler friendly Title Company once you execute the contract with the seller immediately open escrow which means get a copy of your contract and your earnest money check to the title agent now to make sure the seller doesnt backdoor you and cut you out of the deal which unfortunately does happen have title record whats called an Affidavit of memorandum
