Foreclosure University Forum

Arizona Forclosure,Home Equity Line of Credit

by allancole ⌂ @, usa, Wednesday, October 20, 2010, 01:18 (2711 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

Complete thread:

 RSS Feed of thread

User Menu

Forum Search


Featured Product

foreclosure home study course
"The Investors Complete Foreclosure Home Study Course - Only $47"

Discover a Proven System for Buying Real Estate Foreclosures 30%, 40%, and 50% Below Market Value. Generate Huge Returns Using This Step-by-Step Foreclosure System.

Learn More - Click Here

Forum Statistics