Question Details

Gerry, Home Buyer in Woodbridge, NJ

If i give my lawyer a check for the escrow account, are they suppose to cash it?

Asked by Gerry, Woodbridge, NJ Mon Sep 22, 2008

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Is lawyer handling escrow or will a title and escrow company be involved? In my opinion check should always be written to title company directly and then yes it will be cashed and deposited and credited into your escrow account.
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1 vote Thank Flag Link Mon Sep 22, 2008

It would against the law and common practice to just "hold" the check and not to deposit it. It is NOT to be "CASHED" that is for certain! Deposited, Yes!

The money belongs to the "transaction" until the date and time of closing. At that time the funds get disbursed according the the contract.
0 votes Thank Flag Link Mon Sep 22, 2008
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