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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Defeats a non-authorized attempt to create a deed-in-lieu.. Posted by will on January 07, 2004 at 4:35 PM In Reply to: Defeats a non-authorized attempt to create a deed-in-lieu.. posted by Ward on October 28, 2003 at 8:14 AM Ward, So to follow up on your answer, when would an investor need to fill out a Notice of Non-Acceptance? It sounds like it's mostly a tool for a lender? No? thanks, Will : : 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: Post a Followup: Name : E-Mail : Subject : Comments: : Ward, : So to follow up on your answer, when would an investor need to : fill out a Notice of Non-Acceptance? It sounds like it's mostly : a tool for a lender? No? : thanks, : Will : : : 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

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