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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] That Sure Sounds Risky Posted by SeanW on November 06, 2003 at 3:38 PM In Reply to: deed question on equity buyout with no trust posted by cloud on November 05, 2003 at 11:47 PM I would not hold an unrecorded deed. In my state, the first valid recorded deed, trumps any later recordings. End of story. The risk of due-on-sale is that you have to pay the lender some green to assume the loan. But the risk of an unrecorded deed is that the ex-owner might sell the property to someone else! Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I would not hold an unrecorded deed. : In my state, the first valid recorded deed, trumps any later recordings. End of story. : The risk of due-on-sale is that you have to pay the lender some green to assume the loan. But the risk of an unrecorded deed is that the ex-owner might sell the property to someone else! 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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