1. What is a wholesale house?
A wholesale house is a property we acquire at a foreclosure sale and resell for a nominal markup, therefore allowing our buyers the opportunity to capture the majority of the upside profit potential.

 2. Why are most your houses for sale “cash sale”?
We are not in the business of holding properties.  Typically in a financing transaction it can take a bank up to 90 days from the time 4ClosureUS closes on the property to the time a financed buyer can close.  We incur holding costs and other fees that would not allow us to sell at our discounted prices.

3. Why do I have to use your closing attorney for this real estate transaction?
In order for 4ClosureUS to perform seamless real estate transactions in multiple states we require that our designated closing attorney is used to perform all aspects of the closing. Our buyers are more than welcome to use their attorney to review documents AT THEIR OWN COST.  If this requirement cannot be met, then 4ClosureUS will not proceed with the transaction.

4. Why am I paying all the closing costs in the transaction?
It is typical in a foreclosure sale for the buyer to pay all closing costs.  When we make a foreclosure purchase, we incur all the seller and buyer’s closing costs.  Therefore when we sell, we require our buyers to do the same.  Our advertised purchase price does not include closing costs.

5. How do I know I am going to get clear title?
On every property we purchase we require a full title search, code violations search, and municipal lien search. We require a title policy insuring free and clear title by a nationally recognized title insurer. When we sell to you, we provide those same searches and free and clear title insured by a nationally recognized title insurer.

 6. Can I have an inspection on the property prior to closing?
Our properties are sold as-is/where is. In general, we do not allow our buyers to have an inspection prior to closing other than physical walk-through and review of the property condition report and appraisal that was provided to us from HUD.  We price our properties in consideration of worst case scenario for all repairs you may encounter.

 7. Can I start work or light repairs on the property before we close?
Absolutely not! The property will either still be owned by the government or us, and no repairs or alterations can be performed until 24 hours after you close on the property.