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forclosure

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lilichka1223 Joined: 24 Mar 2011 Posts: 1 1.36 Dollars($)	Posted: Thu Mar 24, 2011 8:34 pm    Post subject: forclosure Like 0 Dislike 0 Hi, i have a condo unit in miami on collins ave south beach , which has been in forclosure for almost 6 years but still hasn't been auctioned off and the bank keeps calling me about it. my question is , is it too late for me to do "deed in lieu " since it's been so long ? - i have had a laweyer work with me breifly (a-whole) 5 years ago,who told me let it go there is nothing you can do it will go in default judgement etcc..but didn't give me an option of surrendering my deed. i would appreciate a quick reply ..so scared of defeciency judgement too, please help.thank you. Lilya
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Fri Mar 25, 2011 1:03 am    Post subject: Like 0 Dislike 0 Hi lilichka, As the house is still not sold off, you can contact your lender and apply for a deed in lieu of foreclosure. However, it will be completely the discretion of the lender whether or not he will accept your request. If he accepts your request, you won't be liable for paying any deficient balance to the lender. _________________ Procrastination is the enemy of your financial success
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Fri Mar 25, 2011 11:38 pm    Post subject: Like 0 Dislike 0 Hi Lilya, Welcome to Mortgage fit, One more addition to the adonis's answer.........Filing a bankruptcy could also be one of the choice so that you can get immediate relief from most of the payments....If you think so then you can contact bankruptcy attorney in your local area and he will be able to guide you in more detailed manner. Feel free to ask any further query if you have........... DIPA _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris

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