Escrow Tip #4 – The Catch to the Disbursement of your Net Proceeds

From time to time our Borrowers or Sellers will have specific requests regarding the disposition of their proceeds. They want us to use it to pay off other loans, or pay off credit cards, or in the case of a sale under a Trust, they want us to pay the Beneficiaries of the trust. In all cases, the answer is “Sorry we are not able to do that”. Why? Here is my short video on the reason behind the answer and the Escrow Tip for you to think about.