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Can a deed in lieu of be on an investment property?

In: Bankruptcy Law [Edit categories]

Answer:

Yes.
Absolutely.

First answer by IamLostRU. Last edit by IamLostRU. Contributor trust: 1566 [recommend contributor ]. Question popularity: 6 [recommend question].

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If you do a deed in lieu what happens to the tenants living in the property?
Just like in a sale, the tennancy (Lease) continues to run it's course. Only the owner (presumably, landlord) changes. (The lease "runs with the property"). The lender accepting the Deed in Lieu...
Is investment property real property?
Lots of people would like to purchase property and it is due to many reasons. One of those is that they could get some income in the form of rents. It is essential that you already know when you plan...
What is a property deed?
A deed is the legal document by which ownership of interests in real property are conveyed. Deeds therefore identify the ownership of property as well as the source of that ownership.
How do you get the deed to your property?
If you have access to the Internet or if you want to go in person, usually you can obtain a copy of your deed at the land records office in your jurisdiction. You can perform an online search using...
When do you get the deed to your property?
You should get the deed to your property at the closing and it should be recorded immediately. Some land records offices scan it and return it immediately, others take longer to get the information...