Many states rely (at least in part) on the intention of the parties; either express or implied, to determine whether a merger occurred as the result of a deed-in-lieu
Many loans are tied up in securities, and banks now with adequate reserves are arranging deed-in-lieu
and short sale agreements themselves.
PRO HAFA automates every aspect of a short sale or deed-in-lieu
transaction based upon the guidelines set forth by the U.
Delshah asserts in a letter filed with the court that Asher Zamir, principal of Zamir Equities, agreed to a deed-in-lieu
only in exchange for removing his personal financial guarantee.
Equator's HAFA solution will offer a specifically designed best-practice workflow that enables Lenders and Servicers to complete Short Sale and Deed-In-Lieu
dispositions, satisfying homeowners' burdensome loan obligations.
In the case of foreclosures or deeds-in-lieu of foreclosure, such liens must be cleared no later than 3o days after the fore-closure sale or deed-in-lieu
The same is true for all deed-in-lieu
of foreclosure resolutions.
The automated portfolio review tool, which provides risk management from early risk detection through loss mitigation by automating the review, analysis and management of any size portfolio, now includes short sale, foreclosure and deed-in-lieu
actions also have been increasing, OCC reported.
In addition, he represents various financial institutions in connection with restructurings of distressed assets including workouts, forbearance agreements, notes sales, deed-in-lieu
of foreclosure agreements, and litigation related to foreclosures of real property.
If history repeats itself, we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans where neither the existing loan modification programs or the new short sale and deed-in-lieu
of foreclosure alternatives works.
LTC stated that it is working with Minnesota counsel to perfect a deed-in-lieu
and that the Company has been contacted by at least one other party interested in the property.