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rebman2005 · Joined: 20 Nov 2009 Posts: 1 1.24 Dollars($)

when doing a deed in lieu. does both people on the deed have to sign it or just the person on the mortgage?

savior70 · Posted: Fri Nov 20, 2009 6:10 am Post subject:

Hi,

In deed in lieu of foreclosure, the borrower actually signs over the property to the lender. The lender then sells the property and satisfies the mortgage lien. Thus, I believe if there are two people on the deed to the property, both of them will have to sign the required documents to transfer the property deed to the lender.

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