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This Letter Concerns the Contract for Deed between You and I Dated ,  Form

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should I have my borrower on a creative Finance transaction pre-execute a deed in lieu of foreclosure now my simple answer to that is probably no and there's many reasons for that one how do you explain that you have a deed and Lou executed the same date that you executed the mortgage doesn't make sense next it looks like you're trying to circumvent the foreclosure laws now laws in Texas may be very different than laws in other states so make sure you seek proper counsel to ensure you get the best answer for that I've been told that in order to validate that you're going to have to send the borrower multiple notices along the way before that didn't lieu may be valid in that instance and in many cases especially here in Texas it's probably quicker and better just to go ahead and foreclose so check your laws of your state ask the right attorneys and be smart before you pre-execute deeds in lieu of foreclosure

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