Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
Hi - my name is ***** ***** I'll be glad to assist.
The best thing would be if you could sell your lien rights to someone else at a discount...which would allow you out of the deal and also put some money in your pocket. Otherwise, you could cancel/release your lien and deed of trust and just walk away.
If there is a second lienholder on the property, that would be the best chance to sell the note/lien rights as it would allow the second lienholder to move itself to first position.