NPN - Deed in Lieu - can I sell property now?
I purchased a 1st position NPN where the borrower signed a Deed in Lieu over to the previous lender. The previous lender never recorded the deed with the county. I went ahead and was able to get the DIL recorded with the county. Am I free to sell the property at this point (its vacant), or does the previous lender need to deed the property to me first, since the original DIL was to that lender? The assignment of the mortgage from the previous lender to myself has been recorded with the county, so I'm not sure if that's enough for the chain of title to point to myself as the legal owner of the property.
TIA,
-Rob
