[WSBARP] Deed of Trust deed in lieu

[Joseph McIntosh]

If you took a voluntary deed from the homeowner, the interest acquired would be encumbered by the junior liens.  As far as I know, you need the foreclosure sale to transfer the interest of the homeowner free of the junior liens.

From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Robert R. Cole
Sent: Friday, February 19, 2021 12:20 PM
To: WSBA Probate & Trust Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Deed of Trust deed in lieu


If a noteholder takes a deed in lieu, is there a mechanism to get rid of underlying subordinate liens???
--


Very Truly Yours,
Robert R. Cole
Law Office of Cole & Gilday, P.C.

10101 - 270th St. NW
Stanwood, WA 98292
(360) 629-2900 (Telephone)
(360) 629-0220 (Fax)

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