Question 1

Does Oklahoma's wholesaler law change how an Enid double close gets scheduled?

Accepted Answer

Yes: the clock is set by statute, not by your lender. Since November 1, 2025, Oklahoma statute defines "wholesaler" as a category that expressly includes double closing (59 O.S. 858-102(20)), and section 858-314 requires the contract to disclose the resale intent in writing and gives the seller a right to cancel within two business days of signing, with no penalty, stated in bold beside the signature line. A contract still inside that two-day window on closing day isn't ready to fund. We're ready when the cancellation window closes; we don't build wholesale funding around outrunning it. Talk to an Oklahoma real estate attorney about your specific contract language.

Question 2

What paperwork does an Enid wholesaler have to attach to the contract?

Accepted Answer

The Real Estate Commission's own cancellation form, and it's free. OREC publishes "Notice of Homeowner's Cancellation of Wholesale Real Estate Purchase Contract" in its 2026 contract forms set, and 858-314(G) requires it in every wholesale contract. The form gives the homeowner two ways to cancel: within two business days of signing under 858-314(C), or at any time under 858-314(F) if the required disclosures were left out. Skip it and the contract is invalid and unenforceable by the wholesaler, which is the statute's own consequence, not ours. Point sellers at OREC's form and at Oklahoma counsel for anything about how to fill it out.

Question 3

How does the Garfield County abstract plant affect my closing date?

Accepted Answer

It sets it, so confirm the plant's turnaround before you pick a date. Oklahoma title insurance can only issue after an Oklahoma attorney examines a certified abstract prepared by an abstractor licensed in the county where the property sits (36 O.S. 5001(C)), and a Garfield County deal runs through the Garfield County abstract plant. No published figure exists for how long that extension typically takes here, so treat the abstract, not the funding, as the pacing item and confirm turnaround with the plant directly before you commit to a closing date.

Question 4

My deal reaches into Woodward or Kingfisher, not Enid proper. Does one abstract cover both legs?

Accepted Answer

No. Enid's trade area runs across county lines, and Oklahoma abstract-and-attorney-opinion practice is county-specific: a property in Woodward County or Kingfisher County needs an abstractor licensed in that county, not the Garfield County plant that covers an Enid parcel. A double close that straddles that line is two abstract plants, not one, so build the extra step into your calendar before you set a closing date.

Question 5

What's the going assignment fee on an Enid wholesale deal?

Accepted Answer

We don't have a local figure, and neither does any published source we've found. No MLS rule, association guidance or local survey states a customary assignment fee for Enid or northwest Oklahoma, so treat any number you hear as deal-specific, not a market norm. What we can tell you is what we fund: up to 100% of the purchase price on the A-to-B leg, priced as a flat fee, subject to underwriting.

Question 6

How much of the purchase price does transactional funding cover on an Enid deal, and what does it cost?

Accepted Answer

Up to 100% of the purchase price on the A-to-B leg, priced as a flat fee, with no credit check and no appraisal. It's a simultaneous-close product: our money funds the A-to-B leg and comes back out of the B-to-C proceeds. On a wholesale deal, the calendar isn't ours to set. It's the two-business-day cancellation window Oklahoma's 2025 wholesaler law gives the seller, plus the county-licensed abstract each leg needs. Subject to underwriting.

Question 7

What is transactional funding, and when do I use it?

Accepted Answer

Transactional funding is short-term capital that funds the A-to-B leg of a back-to-back (double) closing, so you can resell to your end buyer (B-to-C) the same day. It is built for wholesalers and assignment deals where you need to take title briefly without using your own cash.

Question 8

How much does transactional funding cost?

Accepted Answer

It is priced as a flat fee rather than an interest rate, since the money is only out for a day or two. Market pricing generally runs about 1% to 3% of the amount funded, with a dollar minimum on small deals. You also cover the normal double-close costs such as title, escrow, and recording.

Question 9

How much of the purchase will you fund?

Accepted Answer

We can fund up to 100% of your purchase price on the A-to-B closing, so you bring no money to the table. The loan is repaid directly from the proceeds of your simultaneous B-to-C sale.

Question 10

Do you check credit or require an appraisal?

Accepted Answer

No. Transactional funding requires no credit check and no appraisal. Approval rests on a verified, ready-to-close end buyer rather than your personal finances, which is why it can fund same-day.

Question 11

What do you need to fund the deal?

Accepted Answer

Your executed A-to-B and B-to-C contracts, proof of the end buyer's funds, and a title or escrow company that allows back-to-back closings. With those in hand we can fund the same day.

Question 12

How long is the loan?

Accepted Answer

Very short, usually a matter of days. It is designed to be repaid out of the same-day or next-day resale, not held like a normal loan.

Transactional Funding in Enid

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Transactional Funding in Enid, answered.

Transactional Funding questions, answered.

Guides for Transactional Funding

Transactional Funding vs. other options

Other programs in Enid

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