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2 mortgages

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Icon Mini Profile AdamZeidan





Joined: 29 Oct 2007

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Post Posted: Mon Oct 29, 2007 1:33 pm    Post subject: 2 mortgages
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I have two mortgages on my house. The first mortgage belongs to one lender while the 2nd belongs to a different lender. Can I still opt for deed-in-lieu of foreclosure having 2 mortgages?
Michel

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Post Posted: Mon Oct 29, 2007 9:04 pm    Post subject:
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Hi,

You may opt for deed in lieu of foreclosure with two mortgages on your house but depends on your lender whether he is going to accept it or not.

So you need to talk to your lender first.
Icon Mini Profile heavenhack7





Joined: 05 Apr 2007

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Post Posted: Mon Oct 29, 2007 11:56 pm    Post subject:
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hi Adam ,

according to me .. you can have deed in lieu for two mortgages if both the lenders agree to it .
Jonny

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Post Posted: Tue Oct 30, 2007 6:27 am    Post subject:
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Hi Adam ,

Deed in lieu will be good for you, although you have you have 2 mortgages. But it depends upon the mortgage lenders whether they will accept it or not. So you should talk to the lenders regarding this mater.
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