![]() |
Foreclosure Forum |
|
Checks made out to the trusteeHi Ward: I flipped a house last week and received a cashier's check from escrow made out to me "as trustee". My bank would not cash it unless my account was a trust account (which it is not). To do that, the bank (WAMU) stated that I must show them the notarized trust declaration. My questions are: 1) Can't I just cross out the words "as trustee" on the check and cash it in my account? 2) If not, can I take it to the issuing bank and cash it or have them write another cashier's check made out to me without "as trustee" on the check? 3) If I open a checking account for the trust and me as the trustee, am I correct to assume I only need to show the bank the Certification of Trust and not the trust declaration itself? All for now. Thanks Ward. Gary Follow Ups:
Post a Followup:
|
Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.
Copyright © 1997-2002, InnoVest Resource Management
InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455