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Robin Kaye Guest 0.10 Dollars($)	Posted: Wed Oct 10, 2007 3:27 pm    Post subject: additional information My ex-husband and I also have a home equity loan besides the mortgage. Does that prevent us from proceeding with a deed-in-lieu of foreclosure? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jenkin7 Joined: 04 Jun 2007 Posts: 939 140.77 Dollars($)	Posted: Wed Oct 10, 2007 10:21 pm    Post subject: Hello Robin, Lenders generally do not want to accept a deed-in-lieu with a second mortgage on the property. You may have to negotiate with your lender for that. The second lien becomes a burden for him. You may look here http://www.mortgagefit.com/predeal/deedinlieu-juniorlien.html for further information.
Michel Guest 0.10 Dollars($)	Posted: Thu Oct 11, 2007 5:11 am    Post subject: Hi, I don't think your lender will accept your deed in lieu with a home equity loan on your property. Why will they take such responsibility?
Jonny Guest 0.10 Dollars($)	Posted: Fri Oct 12, 2007 4:49 am    Post subject: Yes if you have a home equity loan besides the mortgage, the lender will not take the risk. It is seems very difficult but on your part you can talk to the lender.
smaildaytoday Joined: 15 Oct 2007 Posts: 52 0.14 Dollars($)	Posted: Mon Oct 15, 2007 2:16 am    Post subject: no.you cas go into foreclosure with either mortgages.
jenkin7 Joined: 04 Jun 2007 Posts: 939 140.77 Dollars($)	Posted: Mon Oct 15, 2007 5:53 am    Post subject: Hello Smailday, Welcome to the forum. I think, deed in lieu is not impossible but lenders do not want to take the risk.

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