Legal Question in Real Estate Law in Illinois

If my ex- Wife owns half the house and I live in it and pay all the bills. When I sell will they cut two checks for the exact amount of the profit?

OR will they cut one check and we will have to divide it up?


Asked on 6/14/10, 1:54 pm

2 Answers from Attorneys
Walter Palmer Law Office of Walter Palmer

How many checks is totally unknowable. The seller/seller's lender will probably write only one. I would imagine that the title insurance company will write checks according to the instructions the court gives.

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Answered on 6/14/10, 5:20 pm
John Lee John D. Lee and Associates, LLC

Normally, the title company will follow the instructions that you give to them. Do you need an experienced real estate attorney?

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Answered on 6/14/10, 5:35 pm


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