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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Concurrent Escrow and Deed-in -Lieu Posted by David on June 05, 2003 at 1:22 PM In Reply to: Re: Concurrent Escrow and Deed-in -Lieu posted by Ward-CA- on June 04, 2003 at 7:43 PM Ward, I'm in a similar situation and was wondering: 1) What is the difference between a Grant Deed and a deed-in-lieu? I always thought they were EXACTLY the same documents, the only difference being that when the grantee is also the note holder it is referred to as a deed-in-lieu. 2) As the note holder, can I give cash to the homeowner? 3) Do I need a purchase agreement with a 5 day right of recession (I’m in CA), enough cash to the homeowner to avoid unconscionable advantage, affidavit of deed signature and all that stuff? 4) If I do my own title search and am comfortable do I need title insurance for any reason? 5) What is this Estoppel estopping, I can't see its purpose? Thanks, David Follow Ups: Explaining the deed-in-lieu of foreclosure... Ward-CA- 9:18 AM, 06/08/03 (1) Re: Explaining the deed-in-lieu of foreclosure... Joe 10:01 AM, 07/26/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, : I'm in a similar situation and was wondering: : 1) What is the difference between a Grant Deed and a deed-in-lieu? I always thought they were EXACTLY the same documents, the only difference being that when the grantee is also the note holder it is referred to as a deed-in-lieu. : 2) As the note holder, can I give cash to the homeowner? : 3) Do I need a purchase agreement with a 5 day right of recession (I’m in CA), enough cash to the homeowner to avoid unconscionable advantage, affidavit of deed signature and all that stuff? : 4) If I do my own title search and am comfortable do I need title insurance for any reason? : 5) What is this Estoppel estopping, I can't see its purpose? : Thanks, : David 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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