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rongar
rongar asked in Business & FinanceRenting & Real Estate · 1 decade ago

if a house is in foreclosure can the owner sell the deed.?

if yes, is the person buying the deed obligated to the institution which holds the debt.

4 Answers

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  • kate
    Lv 7
    1 decade ago
    Favorite Answer

    No because the banks / lenders name is on the deed .

    Part of the property sale process is the title search and ANY debt against the property will have to be cleared in escrow Before the sale is completed .

    Unless the seller is trying to be slick and doing a FSBO totally without the escrow process .

    >

  • Landlord
    Lv 7
    1 decade ago

    The deed can not be transfered w/o paying the debt first.

  • Bigred262626
    1 decade ago

    No, because the bank that is foreclosing holds the deed.

  • Moni
    1 decade ago

    No the home then is no longer yours!

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