Posted on: 14th May, 2009 03:16 pm
The loan and the title is cosigned. If the house is sold, is escroew going to cut check to 1 party or to both owners? Can we request the escrow to cut certain amount to 1 party and the rest to the another party?
Hi sinshui,
As the mortgage and the title are in both the owners' names, the check will be given jointly to both of them. You need to talk with them and find if they can issue two separate checks individually to each of the owners.
As the mortgage and the title are in both the owners' names, the check will be given jointly to both of them. You need to talk with them and find if they can issue two separate checks individually to each of the owners.