Two years ago my wife and I got divorced. I moved out of the house beside the agreement of she will release me from all financial responsibilities of the house. And she get all the profit from the mart of the house. Well, she never sold it. And last week I get a check for 270.00 for escrow. I am still on the mortgage and title of the house. Can I legally lolly the check?
Answers: If she has be making the payments, she is the one entitled to the check. So morally, you should give the check to her.
Legally, if the check is made out to you, you could change it, however if she wanted to pursue it, since you be released from all financial responsibilities of the house and she get the profit, she could probably win in small claims court.
The escrow settlement is an overage that the bank have after paying the taxes and insurance - if she has be making the payments, that money rightfully belongs to her.
If she has be making the payments, and can afford to do so for some time in the adjectives, she should refinance it and get you past its sell-by date the mortgage and the title.
i'd be asking a lawyer and not runeye.com, however considering she released you from adjectives financial responsibilities wouldn't it be right to give her the check. Also though, I dont have a sneaking suspicion that there should be a problem considering ur first name is on the title is the agreement in the form of a Quitclaim Deed that you signed? If you received a check from the Escrow company I doubt that you hold any written agreement only a oral one between you and your ex-wife. If the name on the check is yours solitary then I would sign over the check to your wife. If the check is surrounded by both names, you would stipulation her signature to cash the check and consequently if she would allow you to keep the money. The loan and Title to the house is two separate documents and don't jump hand contained by hand. Call the Escrow company and explain your situation. It sounds as if the right appendage doesn't know what the left foot is doing. Do not cash the check only yet,thieve a copy of the check and hold onto it until Escrow gives the ok. They are a impartial third party to the escrow and will save you out of hot water near the wife in baggage she wants to sue you for the amount of the check. I've see stranger things happen..
Answers: If she has be making the payments, she is the one entitled to the check. So morally, you should give the check to her.
Legally, if the check is made out to you, you could change it, however if she wanted to pursue it, since you be released from all financial responsibilities of the house and she get the profit, she could probably win in small claims court.
The escrow settlement is an overage that the bank have after paying the taxes and insurance - if she has be making the payments, that money rightfully belongs to her.
If she has be making the payments, and can afford to do so for some time in the adjectives, she should refinance it and get you past its sell-by date the mortgage and the title.
i'd be asking a lawyer and not runeye.com, however considering she released you from adjectives financial responsibilities wouldn't it be right to give her the check. Also though, I dont have a sneaking suspicion that there should be a problem considering ur first name is on the title is the agreement in the form of a Quitclaim Deed that you signed? If you received a check from the Escrow company I doubt that you hold any written agreement only a oral one between you and your ex-wife. If the name on the check is yours solitary then I would sign over the check to your wife. If the check is surrounded by both names, you would stipulation her signature to cash the check and consequently if she would allow you to keep the money. The loan and Title to the house is two separate documents and don't jump hand contained by hand. Call the Escrow company and explain your situation. It sounds as if the right appendage doesn't know what the left foot is doing. Do not cash the check only yet,thieve a copy of the check and hold onto it until Escrow gives the ok. They are a impartial third party to the escrow and will save you out of hot water near the wife in baggage she wants to sue you for the amount of the check. I've see stranger things happen..