2 Equity, Inc

The company claims it can help avoid foreclosure and save the equity in your home. According to the company, this is accomplished by conveying title of the property to 2 Equity. We advise that you seek legal and tax advice before transfering title of your property to any third party. Generally, if you transfer the title to your property you have no control over the further transfer or disposition of the property, even if you reside it in. More important, the transfer of the title does not relieve your obligation to make payments on the mortgage. If you fail to make payments or if your home is foreclosed on, your credit will be adversely affected despite any promises of payment by a third party. Most mortgages contain a due on sale clause, these clauses require that you obtain permission of the mortgagor before assigning the note to a third party. Failure to comply with that requirement is a breach of contract or default. This could also result in a demand for full payment of the note or foreclosure proceedings.