 belovedlsd
Joined: 20 Feb 2009
Posts: 1
1.45 Dollars($)
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Posted: Fri Feb 20, 2009 2:28 am Post subject: CA deed in lieu vs foreclosure
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| My home is in CA, and I am almost at the end of this sad process. Notice of default was filed Dec. 16, 2008. Still not sure if I should try deed in lieu or let it finish the foreclosure process. I have no way to pay any debt for the diff. of balance I owe the bank vs auction price of home. If credit hit is the same, should I just let it continue to forclosure? My husband/broker set up the deal, put it in my name only and signed off on a quit claim deed. Now he is broke, filing bankrupcy and has left me to try and support my two young children, with no support from him. I am trying to keep my faith, knowing that the Lord has a plan for us, but I truly feel alone sometimes and am unsure of what to do. My credit is pretty much ruined, which leaves me more vulnerable. I had an 820 score before I got married...so on the bright side, I guess the 250 hit will keep me in the 'poor credit' catagory vs bad credit:/ I saw that you signed some of your responses with God Bless...and that prompted me to send my story to you...for hopefully some logical advise. I am more upset with myself, for trusting a man I had just married... |
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Niicss
Joined: 03 Oct 2005
Posts: 4831
Location: New Jersey
508.39 Dollars($)
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