Legal Question in Real Estate Law in Indiana

Deed in Lieu of Foreclosure

If we sign the Agreement for Deed in Liew of Foreclosure are we relieving ourselves of paying the mortgage any further?


Asked on 4/04/08, 9:59 pm

1 Answer from Attorneys
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: Deed in Lieu of Foreclosure

Yes, by definition. You should insist upon a release of mortgage.

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Answered on 4/04/08, 11:17 pm


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