Is Deed In Lieu safe??

[Matt Liu]

My private lender is having me sign a deed in lieu. If I understand correctly this means that if I default, he doesn't even have to foreclose he can just file the for the deed to transfer to him.

Now, what is stopping him from going and transferring the deed even without me defaulting (after I sign off on the Deed in Lieu)?

[Roy N.]

@Matt Liu

You can use a third-party to service the note: you make your payments to the third-party (broker, mortgage service company, lawyer) and they, in-turn ensure the payments are made and acknowledged