InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Defeats a non-authorized attempt to create a deed-in-lieu.. Posted by Ward on October 28, 2003 at 8:14 AM In Reply to: Notice of Non-Acceptance of Deed posted by Sara_CA on October 28, 2003 at 7:09 AM : Ward, : Notice of Non-Acceptance of Deed. I presume this is used in a dispute for title. But can you elaborate? When and how is this used? : Thanks. -=-=-= Sara, Some owners in default think they can arbitrarily effect a deed-in-lieu of foreclosure by naming their lender as the grantee on a deed to their property and recording it, before the foreclosure sale, without their lender's express agreement or authorization. Given that situation in CA, the lender can simply record a Notice of Non-Acceptance of Deed which negates such a transfer without having to do a quiet title action, etc. I'm sure other states besides CA provide lenders the same power to nullify a non-authorized transfer of title to them, allowing them to continue on with their foreclosure without much interruption or delay. Hope this helps. Follow Ups: Re: Defeats a non-authorized attempt to create a deed-in-lieu.. will 4:35 PM, 01/07/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : Notice of Non-Acceptance of Deed. I presume this is used in a dispute for title. But can you elaborate? When and how is this used? : : Thanks. : -=-=-= : Sara, : Some owners in default think they can arbitrarily effect a deed-in-lieu of foreclosure by naming their lender as the grantee on a deed to their property and recording it, before the foreclosure sale, without their lender's express agreement or authorization. : Given that situation in CA, the lender can simply record a Notice of Non-Acceptance of Deed which negates such a transfer without having to do a quiet title action, etc. : I'm sure other states besides CA provide lenders the same power to nullify a non-authorized transfer of title to them, allowing them to continue on with their foreclosure without much interruption or delay. : 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455