Who Gets Check At Closing
During a purchase, if there is any money required at closing, who are the checks made out to, escrow (closing attorney) or can you write checks to seller. Personal, business, or certified.
During a purchase, if there is any money required at closing, who are the checks made out to, escrow (closing attorney) or can you write checks to seller. Personal, business, or certified.
Typically, for the funds required at settlement all checks are made out to the title company or the settlement attorney's firm. Your checks are typically certified checks or cashier's checks -- not personal checks.
Checks are made out to the seller for side agreements outside of closing. For example, you offer to pay the sellers $350 if they leave the washer and dryer behind when they move out. You would conclude this side agreement outside of the settlement, and off the HUD-1.