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Updated about 11 years ago,

Matt Liu's profile image
Matt Liu's profile image
Matt Liu
  • from Jersey City, New Jersey
  • Member since Sep 13, 2012
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127
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10
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Matt Liu's profile image
Matt Liu's profile image
Matt Liu
  • from Jersey City, New Jersey
  • Member since Sep 13, 2012
Connect
Matt Liu
  • Jersey City, NJ
10
Votes |
127
Posts
Private Lending & Conventional Mortgage Advice

Is Deed In Lieu safe??

Matt Liu
  • Jersey City, NJ
Posted

My private lender is having me sign a deed in lieu. If I understand correctly this means that if I default, he doesn't even have to foreclose he can just file the for the deed to transfer to him.

Now, what is stopping him from going and transferring the deed even without me defaulting (after I sign off on the Deed in Lieu)?

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