| Refinance Money - Divided by two What is the name of your state? California
My husband and I are going through a separation. We have agreed to refinance the house to pay off all debts. The original loan was in my name only, so the refinancing will now place him on the loan. Since we have signed the new loan, one check was made out to the both of us. My husband took the check to the title company and had them cut two checks equally divided. Can the title company legally take one check made out to two people and divide it into separate checks at the request of one person, or does bye-off have to come from both parties for the one check to now become two?
Please help. |