Divorce: Real Estate
When selling a home in Maryland that is in only one spouse's name, does the title company have an obligation to ensure that the money is split at closing?
Answered on: 5/26/08, 3:03 pm by Carolyn Press
Re: Divorce: Real Estate
No. If the house is being sold because of a divorce judgment which requires a division of marital property, the party holding title (the seller) is obligated by the order of the court to pay the ordered sum to the other party. It would make good sense for both parties to be present at the closing with a request that two checks be cut based on the court-ordered division of the asset, but the title company is not directly subject to the court order.
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