Deed-in-lieu of foreclosure due to divorce

Author Message
Robin Kaye


Post Posted: Wed Oct 10, 2007 3:20 pm    Post subject: Deed-in-lieu of foreclosure due to divorce

After our divorce, my ex-husband remained in our marital home. We agreed to sell the home and that he would live there until it sold. Well...the house hasn't sold and has been on the market about 5 months. My ex-husband hasn't missed a mortgage payment yet, but he can no longer afford the payments. Would we qualify for a deed-in-lieu of foreclosure?
Need help choosing the right loan? Get free consultation from community lenders/consultant


Post Posted: Wed Oct 10, 2007 11:01 pm    Post subject:


Yes, I think you can go for a deed-in-lieu of foreclosure if you can prove your financial hardship.
Icon Mini Profile jenkin7

Joined: 04 Jun 2007

Posts: 4537
Location: Hawaii
728.42 Dollars($)
Post Posted: Thu Oct 11, 2007 5:08 am    Post subject:

Hello Robin,

I guess you need to have some late payments to qualify for deed in lieu of foreclosure.
Icon Mini Profile larry

Joined: 27 Jun 2007

Posts: 3322

474.68 Dollars($)
Post Posted: Fri Oct 12, 2007 4:41 am    Post subject:

Yes, it is better for you to go for deed in lieu. You have to prove your financial crisis to the lender. Thatís all Smile
Ask question
Your Name
Image Verification

Can't read the image? click here to refresh
Message Body
All times are GMT - 7 Hours
Page 1 of 1

Delete this topic Move this topic Lock this topic Split this topic 

Page loaded in 0.810 seconds.