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Deed in Lew of Foreclosure

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Joined: 21 Jul 2010

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Post Posted: Wed Jul 21, 2010 4:34 pm    Post subject: Deed in Lew of Foreclosure
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what happens to the second lender in this case? If the second lender has turned over the debt to a debt collection agency, does the deed in lew of foreclosue cancel the second mortgage?
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