Richard, the fact that you are willing to sign it does not automatically make it enforceable. If it is signed at closing as part of the loan and intended to be recorded only after default, courts will treat that as an attempt to bypass foreclosure, not a true deed in lieu.
A deed in lieu of foreclosure is only enforceable when it’s voluntarily executed after default (or when default is imminent), not pre-signed at closing to use later.
You can’t just sign a deed at closing and hold it as a “just in case.” That’s an attempt to clog the equity of redemption, which courts have been rejecting for over a century.
Hope this helps.
2026-04-17 21:36:14
11
Far West Interactive :
State of Detroit?
2026-04-17 18:44:22
7
heatbbx :
Always about the $$$
2026-04-17 17:57:25
5
Matt | Virtual Sales :
Richard I need your help
2026-04-17 18:36:10
0
jordan.j_ :
Funny how you mention a section of law but put up an ai search. Here’s the section of law you referenced. The only thing it talks about is what’s exempt from transfer tax…nothing what you’re referring to.
2026-04-17 23:13:05
4
HomesinNH&ME :
Realtors don’t use Google and AI preview to read laws. We consult attorneys… you should
2026-04-19 14:35:11
3
1 :
Just do normal and clean transactions.
2026-04-18 15:50:06
1
Buttsweats :
if someone refers to a city as a state, I might question their credentials, among other things.
2026-04-19 16:48:03
1
YouCanHaveHim :
Why is it always the same voice on all your videos for the seller and real estate agent
2026-04-21 18:13:06
0
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