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Can anyone having no late payment apply for deed in lieu?

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Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
985.83 Dollars($)
Post Posted: Mon Feb 07, 2011 11:22 pm    Post subject:
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Hi mp!

Welcome to forums!

As you've listed the property in the market, you will have to wait unless you get buyers for the property. You can even contact a real estate broker and he will help you in getting buyers for the property.

Feel free to ask if you've further queries.

Sussane
Icon Mini Profile ki2





Joined: 05 Nov 2010

Posts: 123
Location: USA
28.07 Dollars($)
Post Posted: Wed Feb 09, 2011 3:23 pm    Post subject: HAFA
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IF YOU ARE LOOKING FOR A DEED IN LIEU YOU WILL HAVE TO BE BEHIND OTHER WISE THE LENDER WILL NOT SEE THAT YOU ARE IN A DISTRESSED SITUATION AND THAT YOU JUST DON'T WANT THE HOUSE ANYMORE. THERE HAS TO BE A VALID REASON TO GIVE THE HOUSE BACK AND IF A LOAN MODIFICATION ISN'T GOING TO HELP YOU AND YOU DO NOT WANT THE HOME AND YOU CANNOT SELL IT, THE LENDER MAY BE NOT SO WILLING TO TAKE THE HOUSE BACK. DEED IN LIEU'S ARE A LAST RESORT NOT A WAY TO GET OUT OF AN OBLIGATION. UNFORTUNATELY, YOU ARE DOING THE RIGHT THING BY STATING TO THE LENDER YOU ARE STRUGGLING HOWEVER, THEY MAY NOT SEE IT THAT WAY. LOOK AT THE HAFA HOME AFFORDABLE FORECLOSURE ALTERNATIVE THERE MAYBE A WAY FOR YOU TO DO A DEED IN LIEU THROUGH THE GOVERNMENT PROGRAM. GOOD LUCK!
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