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give deed in lieu of foreclosure

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Icon Mini Profile vallejobenicia





Joined: 01 Feb 2011

Posts: 1

1.29 Dollars($)
Post Posted: Tue Feb 01, 2011 7:11 am    Post subject: give deed in lieu of foreclosure
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can I just fill out a deed in lieu of foreclosure without speaking to the servicing mortgage company. I do not have any liens, second, and everything is current until today Feb 1st, 2011. The house has gone down 60% it's value and it's an empty rental house. The house has been empty for 3 months. The property is in California.
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10562
Location: ALASKA
1089.18 Dollars($)
Post Posted: Tue Feb 01, 2011 10:23 pm    Post subject:
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Welcome vallejobenicia,

It is your mortgage lender who has to agree to a deed in lieu of foreclosure. Unless he agrees to it, you won't be able to sell off the property in a deed in lieu of foreclosure auction.

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