Foreclosure on my Irvine Home
To Avoid Foreclosure Can I Just Deed My Property To Someone Else?
You can but when you deed your property to a third party it does not eliminate you are still obligated to pay the loan. So if the lender did eventually foreclose, it is your credit record that will be effected. The exception would be that when you deed the property to a third party you completely pay-off the loan.
If you were going to deed your property to someone else, without paying off the loan, be sure to consulted with an attorney.
If you have more questions on this topic you might want to take a look at www.ochomehelp.com
OCHomehelp.com is a team of Orange County Short Sale and Foreclosure Specialist’s. They are comprised of a team of real estate agents, loan modification experts, short sale specialists, attorneys, and title officers.
This might be a good place for you to start if you are confused or scared. They offer a free and 100% confident consultations.
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