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At closing of real estate sale, can proceeds be split between two people?

I am divorced and own my home 50/50 with my ex husband.  How can we get separate checks at closing>?

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June 23 2013 - Mt Laurel Township
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Profile picture for Dunes ..
Please do not encourage RE Agents/Agencies who cannot follow Zillows Spam rules by contacting them...if they can't follow the simple rules here then a person would be foolish imo to trust them in any way as a resource or adviser in making important decisions
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July 02 2013
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July 02 2013
If it is disclosed you can send money to anyone on or off the HUD. Your proceeds can be sent to China if you asked for them to be. It's your money at closing, send it where you want to.
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June 24 2013
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Thank you very much Michael!
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June 23 2013
If both names are on the purchase agreement, the title company can cut two separate checks - less expenses. This is a common situation when two non - related persons (business partners, etc) sell a property. You will both also get separate 1099's for the sale (handy if you owe capital gains).
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June 23 2013
 
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