To Deed or Not to Deed - Posted by Gaya

Posted by Ronald * Starr(in No CA) on November 13, 2002 at 20:23:01:

Gaya--------------

What you say is certainly possible. The only caution: learn how to get your deed in a land trust so you don’t trigger the due on sale clause. Read up on “due on sale clause” or “dosc.”

Good Investing***************Ron Starr***************

To Deed or Not to Deed - Posted by Gaya

Posted by Gaya on November 13, 2002 at 18:39:46:

I noticed on a previous posting in which a person(investor) gets the deed up front from a homeowner who is facing foreclosure. I have the same or similar idea. I’m a “newbie” and my thought was to get the deed up front, too. I would get the deed up front, get the payments caught up to get the property out of foreclosure, and then flip or rent the property. Will the bank still proceed with foreclosure if the payments are current? Is this not a good idea? If not, why.