how do i fast track a deed?
2007-08-22 23:58:04 · 2 answers · asked by pete m 1 in Business & Finance ➔ Renting & Real Estate
Can't find this term anywhere. It sounds like a method of getting a deed faster than is normal.
2007-08-23 00:34:58 · answer #1 · answered by ghouly05 7 · 0⤊ 1⤋
It's a really good way to get foreclosed on if you have a mortgage, which is the only reason you would attempt to do this.
It is saying you no longer have interest in the property, and you walk away from it, and allow someone else to make the payments.... and deed it to the other person, even though there is a lien on it by the original bank. There are serious legal issues with this, and you will be in court begging for mercy when the bank finds out.
2007-08-23 09:34:31 · answer #2 · answered by Mike 6 · 0⤊ 0⤋
Sounds like an area specific term. Share more info as I've never heard of this term either.
2007-08-23 18:26:03 · answer #3 · answered by liveinaustin 3 · 0⤊ 0⤋