"voluntary foreclosure"

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Posted by F Merenda on December 16, 2002 at 13:15:23:

I have a life estate for a property in Texas which has been deeded to my dau. in law.The mtg is in my name and I am current with payments. I wish to refi at todays current lo rates but she refuses to deed property back to me.(She in in bankruptcy) If I
voluntarily default on the mortgage and allow the bank to sell the property I will get rid of her but probably lose my equity. Is ther any way to save the equity?

Follow Ups:

• Re: "voluntary foreclosure" - marcus 03:17:34 12/18/02 (0)

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Comments:
: I have a life estate for a property in Texas which has been deeded to my dau. in law.The mtg is in my name and I am current with payments. I wish to refi at todays current lo rates but she refuses to deed property back to me.(She in in bankruptcy) If I 
: voluntarily default on the mortgage and allow the bank to sell the property I will get rid of her but probably lose my equity. Is ther any way to save the equity? 


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