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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Deed-in-Lieu foreclosure remedy Posted by Ward-CA- on May 10, 2003 at 4:21 PM In Reply to: Deed in Lieu and Realtors posted by Lughead on May 08, 2003 at 6:19 PM : hello : we have a 2nd DOT on a property : the Trustor is delinquent and there is no equity unless one of the lenders agrees to reduce the amount owed : we do not wish to discount our Note but rather to do a Deed in Lieu : if the property is listed with a realtor - how does the Trustor's listing agreement affect his ability to execute the Deed in Lieu?? : If we suggest the deed in lieu - does the realtor have any grounds to claim interference with his contract?? : thank you' : Lughead : hello : we have a 2nd DOT on a property : the Trustor is delinquent and there is no equity unless one of the lenders agrees to reduce the amount owed : we do not wish to discount our Note but rather to do a Deed in Lieu : if the property is listed with a realtor - how does the Trustor's listing agreement affect his ability to execute the Deed in Lieu?? : If we suggest the deed in lieu - does the realtor have any grounds to claim interference with his contract?? : thank you' : Lughead =•=•=•=•=•=•=•=•=•=•= Lunk, The owner has no conflict with his listing since he’s not selling the property in the traditional sense. He’s solving the foreclosure problem affecting his property. Again, a deed-in-lieu of foreclosure isn’t a sale to an outside buyer. It’s a mutually agreed upon remedy between borrower and lender to cure a foreclosure problem. Hope this helps. Follow Ups: Re: Deed-in-Lieu foreclosure remedy James Rodriguez 11:01 AM, 03/25/05 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : hello : : we have a 2nd DOT on a property : : the Trustor is delinquent and there is no equity unless one of the lenders agrees to reduce the amount owed : : we do not wish to discount our Note but rather to do a Deed in Lieu : : if the property is listed with a realtor - how does the Trustor's listing agreement affect his ability to execute the Deed in Lieu?? : : If we suggest the deed in lieu - does the realtor have any grounds to claim interference with his contract?? : : thank you' : : Lughead : : hello : : we have a 2nd DOT on a property : : the Trustor is delinquent and there is no equity unless one of the lenders agrees to reduce the amount owed : : we do not wish to discount our Note but rather to do a Deed in Lieu : : if the property is listed with a realtor - how does the Trustor's listing agreement affect his ability to execute the Deed in Lieu?? : : If we suggest the deed in lieu - does the realtor have any grounds to claim interference with his contract?? : : thank you' : : Lughead : =•=•=•=•=•=•=•=•=•=•= : Lunk, : The owner has no conflict with his listing since he’s not selling the property in the traditional sense. He’s solving the foreclosure problem affecting his property. : Again, a deed-in-lieu of foreclosure isn’t a sale to an outside buyer. It’s a mutually agreed upon remedy between borrower and lender to cure a foreclosure problem. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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