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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Warranty Deed Posted by Mario on August 13, 2003 at 12:27 AM Hi!! I have a deal where the seller owes $154K on a property valued at $157K. he owes $4,400 in payments, and foreclosure will start. I have a lease option buyer with $5,000 down. $1,250 a month for this property. Question is...If I do a Warranty Deed. Does the warranty deed stay in my name and the sellers since she still has a mortgage? He wants to simply bail out of foreclosure. Or can he just grant it to my name only and what happens to the bank who holds the lien as long as I am continuing to make the payments? Thanks!!! MLSPoint.com Follow Ups: Where's the beef?? Ward-CA- 9:57 PM, 08/13/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi!! : I have a deal where the seller owes $154K on a property valued at $157K. he owes $4,400 in payments, and foreclosure will start. I have a lease option buyer with $5,000 down. $1,250 a month for this property. Question is...If I do a Warranty Deed. Does the warranty deed stay in my name and the sellers since she still has a mortgage? He wants to simply bail out of foreclosure. Or can he just grant it to my name only and what happens to the bank who holds the lien as long as I am continuing to make the payments? Thanks!!! 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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