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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Payoff in the name of a trust Posted by redave on January 09, 2010 at 8:22 PM Hi, When a property sells, or a note pays off, escrow will issue a check to the trustee of the titled trust. Can I deposit that escrow check made out to "john Doe, trustee" in my personal bank account or is the bank going to make me set up some kind of a trust account to cash/deposit the check? Thanks, Dave Follow Ups: Get paid in the name of your bank account.... Ward-CA- 0:24 AM, 01/10/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi, : When a property sells, or a note pays off, escrow will issue a check to the trustee of the titled trust. : Can I deposit that escrow check made out to "john Doe, trustee" in my personal bank account or is the bank going to make me set up some kind of a trust account to cash/deposit the check? : Thanks, : Dave [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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