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agibanzueto · Joined: 27 Aug 2007 Posts: 1 1.34 Dollars($)

i call the lender and they do not want to hear anything about i am not late on my payment but i wil be soon since the rate become variable it is on sale for tow monts i do not know how to solve the problem

miller_st · Joined: 17 Jan 2007 Posts: 918 168.95 Dollars($)

carnahandavid · Joined: 21 Dec 2006 Posts: 238 58.41 Dollars($)

Tell us more about your loan so that we can give you a better idea of the options which are open for you to explore before thinking about a deed in lieu.

You must know that choosing to give away the house through a dil is going to have a very bad impact on your credit profile and for this reason you need to look at other options right now.

larry · Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)

Hi Agibanzueto,

In this situation, you can go for a refinance by taking a new loan before the interest rate on the present loan becomes variable. You need to shop around with lenders and find a refinance loan that will meet your condition.

Niicss · Posted: Tue Aug 28, 2007 2:53 pm Post subject:

Yes I would also say that you first look to refinance the mortgage if the rate on this present mortgage is going to change within a few months.

You should be looking at deed in lieu or a foreclosure as the very last option. Right now the loan is current so there should not be any problem in getting the mortgage refinanced.

livinginnky · Posted: Sat Sep 08, 2007 9:38 pm Post subject:

Do you have it listed for less than it is worth? Is someone trying to purchase it now? If you are going to refinance to a fixed rate the house needs to be listed at the true value.

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i got a home on 06 fixed rate for one year i want to do a d