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Updated about 6 years ago, 10/14/2018

Thomas Watson's profile image
Thomas Watson's profile image
Thomas Watson
  • Real Estate Consultant
  • from Somersert, New Jersey
  • Member since Apr 17, 2011
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User Stats

52
Posts
3
Votes
Thomas Watson's profile image
Thomas Watson's profile image
Thomas Watson
  • Real Estate Consultant
  • from Somersert, New Jersey
  • Member since Apr 17, 2011
Connect
Thomas Watson
  • Real Estate Consultant
  • Somersert, NJ
3
Votes |
52
Posts
Foreclosures

Deed in lieu

Thomas Watson
  • Real Estate Consultant
  • Somersert, NJ
Posted

If I own a 1st position note on a house that is vacant and the borrower is on board to do a deed in lieu, do I have to still do a foreclosure to get rid of  any junior liens? Does it ever make sense to do both a deed in lieu and foreclose on the property?

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