---

are un entitled to anything for equity when you do a deed and lieu

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
roscellap Joined: 09 Jun 2011 Posts: 1 1.27 Dollars($)	Posted: Thu Jun 09, 2011 8:07 am    Post subject: are un entitled to anything for equity when you do a deed an Like 0 Dislike 0 Did a deed and lieu for my mobile home which included the land approx a year ago. Orginally the land was purchased out right but later refinanced and included the land
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Thu Jun 09, 2011 11:41 am    Post subject: Like 0 Dislike 0 With a deed in lieu, you've relinquished all rights to the property. There would be no equity available to distribute to you. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
jameshogg Joined: 20 Dec 2005 Posts: 10467 Location: Nevada 988.72 Dollars($)	Posted: Thu Jun 09, 2011 7:56 pm    Post subject: Like 0 Dislike 0 Hi roscellap, I agree with what George has said. When you go for a deed in lieu of foreclosure, you actually surrender the property as a whole to the lender. The lender will sell off the property and recover the debts. He may not be liable for paying you anything. Thanks

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0