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DEED-IN-LUE

Profile picture for jmaesriv
WHAT IS  A DEED-IN-LUE IN REAL STATE PLAIN TERMS?
IT IS BETTER THAN WALK-OUT OR FORECLOSURE?
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February 01 2009 - South Gate
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Answers (4)

Profile picture for So Cal Agent

Consult an attorney prior to signing over a deed to anyone other than your bank. Some scammers will have you sign the deed over to them and say they will make the payments or sell your home or whatever their new approach may be. Very very dangerious to you financially. You will still be responsible for the loan and the home will be in their name.

Be safe, my best goes out to you.

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January 23 2010
Profile picture for Palmdale Mortgage
you give up the deed before they foreclose on you like a voluntary repossession of a car.
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January 23 2010
Profile picture for Neftaly

do i need to pay the bank?

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1Yes

January 14 2010
Click here for: Deed in lieu defined
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0Yes

February 01 2009
 

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