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Re: Deed in Lieu

Posted by Ward-CA- on June 28, 2002 at 6:50 PM

In Reply to: Deed in Lieu posted by Sharon Wright on June 28, 2002 at 8:55 AM

: I have a property were a Notice of Default was recorded. Months down the road a Deed in Lieu was done. Since the Notice of Default recorded wouldn't the bank need to do a Notice of Rescission?

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Not necessarily. The recorded deed-in-lieu supercedes the need for a prior rescission.


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