How to Pay Excess Escrow/Trust Deposits To Another Resource

By design the system will default to paying the Seller (or first Seller listed if more than one) any excess escrow/trust deposit being held. However, there may be instances where you receive instruction to disburse this amount to the Attorney or Title Company.

To make that change, on the Deposits tab you can change the resource and the entity to whom the check should be issued. Once saved, you will process the transactions closing as usual.

 

 

 

 

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