escrow accounts: A House Divided: Divorce and Escrow Accounts
- 08/09/16 02:07 AM
A House Divided: Divorce and Escrow Accounts It’s not a fun process for anyone but unfortunately, divorce happens and when there’s a home involved, achieving property title and equity division demands expert analysis and process. Handing over the keys, payment responsibility and even deeded rights does nothing to absolve one of their obligation to a lender.
If one party is relinquishing their ownership, they should also be released from any liability. Release from financing is a process than can only be achieved by modification, refinance, payoff or sale. In today’s world, break-ups do occur with high frequency and having access to the necessary … (2 comments)
A House Divided: Divorce and Escrow Accounts
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