Foreclosure University Forum

Arizona Forclosure,Home Equity Line of Credit

by allancole ⌂ @, usa, Wednesday, October 20, 2010, 01:18 (3449 days ago) @ unknown

Yes, typically with a deed-in-lieu foreclosure, you are still obligated to junior lien holders. Meaning in order for you to “give them the deed” you have to pay off or satisfy the junior lien holders as well. Deed-in-lieu foreclosure works well when you only have a 1st mortgage. But yes something will happen to it, either get written off or they’ll file a judgment....thanks for sharing..

Massachusetts Foreclosure

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