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Updated about 10 years ago on . Most recent reply

K.D Neider's profile image
K.D Neider's profile image
K.D Neider
  • from Philadelphia, Pennsylvania
  • Member since Dec 29, 2014
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K.D Neider's profile image
K.D Neider's profile image
K.D Neider
  • from Philadelphia, Pennsylvania
  • Member since Dec 29, 2014
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K.D Neider
  • Philadelphia, PA
11
Votes |
49
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Wholesaling

Deed in lieu? Has anyone tried to wholesale a deal like this?

K.D Neider
  • Philadelphia, PA
Posted

I have a potential lead and wanted to know if anyone has any experience with deed in lieu deals and if they can be wholesaled.

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Alex Hamilton's profile image
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Alex Hamilton
  • Property Manager
  • from Baton Rouge, LA
  • Member since Jun 5, 2014
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Alex Hamilton's profile image
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Alex Hamilton
  • Property Manager
  • from Baton Rouge, LA
  • Member since Jun 5, 2014
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Alex Hamilton
  • Property Manager
  • Baton Rouge, LA
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Alex Hamilton
  • Property Manager
  • Baton Rouge, LA
Replied

I agree with Mr. Enright.  I think Mr Neider is getting Deed In Lieu mixed of with pre foreclosure sales subject to mortgage, cash for keys etc.  Deed in Lieu is a transaction the borrower takes on with the Bank, and there is no dealing for an investor as explained by Enright.

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