What are the pitfalls of deed in lieu
What are the pitfalls of deed in lieu
Why do we need to provide private financial details in a deed in lieu. we have been told (by Sereus) we are probably eligible for re-location funds?
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Well, I don't know whether or not you will get re-location funds. But unless you provide your financial details while applying for a deed in lieu of foreclosure, the lender will not be sure enough about your financial hardship.
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As you're not being able to make the mortgage payments on time and you want to opt for a deed-in-lieu of a foreclosure, you have to make the lender understand your present financial situation. If they doubt your hardship, why will they offer you such an option?