A homeowner I worked for, received a check from a large reverse morgage company. It it made out to both of us from a reputable escrow company. I have been working for months and I cannot cash it at my bank. HELP!
2006-08-17 05:45:24 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Deposit the check and wait for it to clear...then withdrawl the funds. It will take less time than getting new seperate checks. Also, a bank will not cash a check unless there are enough funds in your account to cover the check (if the checkis for 10k and you have $200 in the bank...they wont cash it). When you cash a check, there is a freeze put on the funds in your account for the amount until the check clears...it protects the bank from fraud (although you are screwed).
2006-08-17 05:58:29 · answer #1 · answered by The Krieg 3 · 0⤊ 0⤋
Take it to the homeowners bank or the bank it was issued from.
If this doesn't work contact the escrow co.
2006-08-17 05:52:47 · answer #2 · answered by James A 4 · 0⤊ 0⤋
Request that the escrow company make out two checks ... one for you and one for him, each for your share.
2006-08-17 05:51:50 · answer #3 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋
it may take as much as two company weeks for a examine to be processed via your financial business enterprise if the money have been drawn on an out of state financial business enterprise. for this reason, if the financial business enterprise or account selection grow to be fraudulent, it took beyond standard time for the financial business enterprise to ascertain this. in case you sell something, it relatively is superb to in basic terms settle for money or money via paypal, not at all a examine. base line the financial business enterprise not at all have been given money for the examine you presented to them, it is your activity to circulate after that guy or woman.
2016-12-11 10:26:37 · answer #4 · answered by ? 4 · 0⤊ 0⤋