When a home & property is listed for sale w/a real estate agent how is money disbursed after the sale being?

November 9th, 2010 | by admin |

there is three of us owners?

if you owned the property jointly, there may be one check issued to all three of you. If you each owned an undivided one-third interest, then the closer will cut separate checks for you.

  1. 3 Responses to “When a home & property is listed for sale w/a real estate agent how is money disbursed after the sale being?”

  2. By lightupthesky25 on Nov 10, 2010 | Reply

    When the home is sold, any profits left over after paying the seller’s side of closing should be split three ways between all owners. I do not know if your title company will give each of you a check for 1/3 of the profit or if they will give you one and let you divy it out; that you would have to call them and ask about.
    References :

  3. By DeeDee on Nov 10, 2010 | Reply

    if you owned the property jointly, there may be one check issued to all three of you. If you each owned an undivided one-third interest, then the closer will cut separate checks for you.
    References :

  4. By Andy on Nov 10, 2010 | Reply

    If all 3 are on the title then talk to your lawyer and they will make sure the money is split 3 ways and paid into your bank. If only 1 name is on the title the money will go to that person.
    References :

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