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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Explaining the deed-in-lieu of foreclosure... Posted by Joe on July 26, 2003 at 10:01 AM In Reply to: Explaining the deed-in-lieu of foreclosure... posted by Ward-CA- on June 08, 2003 at 9:18 AM I have a question, can someone respond if they know the answer. please This lady wants to borrow 65,000 from me to remodel her home that is paid for in full. the home is worth 200,000 as-is. Her credit is really bad and is low income so no one will give her a loan. she is willing to pay 13% interest if i give her a loan. I would consider doing this if the house can revert to me if she fails to pay off her loan with me. On a trust deed, if she fails it goes through the trust deed sale (auction). If I do a deed in lieu of foreclosure does that mean the property can revert to me???? or does it still go through a public sale? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I have a question, can someone respond if they know the answer. please : This lady wants to borrow 65,000 from me to remodel her home : that is paid for in full. the home is worth 200,000 as-is. : Her credit is really bad and is low income so no one will give : her a loan. she is willing to pay 13% interest if i give her a : loan. I would consider doing this if the house can revert to : me if she fails to pay off her loan with me. On a trust deed, if : she fails it goes through the trust deed sale (auction). If I : do a deed in lieu of foreclosure does that mean the property : can revert to me???? or does it still go through a public sale? : 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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