Nathan Payne negotiated with a previous wholesaler to clear a cloud on an Atlanta title by paying them off, restructuring the deal as an MLS novation. The buyer backed out anyway, but Payne says having a process for these title issues gives him confidence moving forward.
Now, having this has helped me save a lot of deals, and not only that, but it just gives me confidence knowing that, hey, once they sign, we're good to go. Now, this is interesting. I actually have a deal in Atlanta that I'm doing right now on the MLS. I'm doing a novation, and a previous wholesaler that did it actually clouded the title. So I'm trying to sell it, and the title company's like, hey, the title is clouded, and you need to reach out to them and give them a payoff. So I reached out to the wholesaler and said, hey, I noticed you clouded title. I'm assuming the seller, something happened, but hey, it's totally fine. We can get you paid. We're just trying to get the deal done and get the seller out of the situation they're in. And the wholesaler is totally cool with it. He's like, yeah, man, I'm not here to screw anybody over. But when we had brought a buyer to the deal and ready, we're ready to close, she didn't want to close anymore. So we just clouded
Why Traditional Wholesaling Keeps Failing You (Use This Pre-Flip Method Instead)
