November’s Closing Tip is to please make us aware if your clients are in the process of divorcing.
University Title Company wants to make the closing experience as pleasant as possible for all of our clients. We know that some sales are due to pending divorces.
It is helpful for us to know when we are working with sellers who may be in the process of divorcing. We will tailor their closing with this in mind so that we ask the right questions: Do they need separate closings? How do they want their proceeds? A joint check, split or delivered to an agreed upon attorney? How do they need to show any 1099-S reportings?
We can also remind them to get with their payoff lender on how to handle their escrow account refund.
We can’t help the circumstances of the sale, but we can make it easier if we all have good communication.