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best optin to not affect my second house

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lanruby11 Joined: 11 Sep 2009 Posts: 1 1.00 Dollars($)	Posted: Fri Sep 11, 2009 8:22 am    Post subject: best optin to not affect my second house Like 0 Dislike 0 hI. WHAT IS BETTER BEFORE ONE FORECLOSURE FOR MY SECOND HOUSE AND MY PRIMARY HOUSE STILL PAYING AND DO A TRUSTING BY LAWYERS TO MY DAUGTHER SHE IS THERTTEEN YEARS OLD AND I DON'T WANT ANY PROBLEMS IN THE FUTURE. THANK YOU
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Fri Sep 11, 2009 9:24 pm    Post subject: Like 0 Dislike 0 Probably you need to talk to an attorney to be safe
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Sat Sep 12, 2009 1:35 am    Post subject: Like 0 Dislike 0 Hi lanruby! Welcome to forums! I guess you are deliqnuent on the mortgage payments of your principle residence. In such a case, it would be better if you could go in for a deed in lieu of foreclosure. This will help you in selling off the property and you won't even be liable for the deficient amount. As the deficient amount would be forgiven, your second home would be safe. But, your score would go down by 250 points in case of a deed in lieu. Feel free to ask if you've further queries. Sussane
smithsara302 Joined: 12 Jun 2009 Posts: 116 -2.38 Dollars($)	Posted: Sat Sep 12, 2009 2:35 am    Post subject: Like 0 Dislike 0 Is this your second home? If yes please make deed to add daughter to ownership. do it legally.consult any attorney.
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Sat Sep 12, 2009 8:20 am    Post subject: Like 0 Dislike 0 Good suggestion SS

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