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kay
Joined: 11 Jan 2008 Posts: 1
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Posted: Fri Jan 11, 2008 5:32 pm Post subject: bank issue payment to whom? |
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i have an apartment which is in 2 names (mine & my ex's).the loan is in my name.i am servicing the monthly loan.
my questions is ; if i sell it to a 3rd party , will the bank issue the cheque in 2 names ? (since S&P is under both my name & my ex's) ??
another scenario is ; if i sell it to my ex's , will the the bank issue the cheque in both our names ?? please advice.. |
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cynthusc
Joined: 16 Sep 2005 Posts: 310
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Posted: Thu Jan 17, 2008 11:31 am Post subject: Re: bank issue payment to whom? |
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| kay wrote: | i have an apartment which is in 2 names (mine & my ex's).the loan is in my name.i am servicing the monthly loan.
my questions is ; if i sell it to a 3rd party , will the bank issue the cheque in 2 names ? (since S&P is under both my name & my ex's) ??
another scenario is ; if i sell it to my ex's , will the the bank issue the cheque in both our names ?? please advice.. |
Yes, unless your ex authorises that the money is paid to you alone or that there is a court order or power of attorney allowing you to receive the proceeds |
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