---

Should we consider a deed in lieu?

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
sheckenrode Joined: 23 Jul 2009 Posts: 1 1.29 Dollars($)	Posted: Thu Jul 23, 2009 11:05 am    Post subject: Should we consider a deed in lieu? Like 0 Dislike 0 My husband and I are facing foreclosure and have had our property on the market for 6 months with no offers. We have heard that a deed in lieu would be better than foreclosure. We have no liens on the property and do not owe more than the property is worth. Is this an option we should seriously consider? If so, what are the ramifications and possible costs to us?
livinginnky Moderator Joined: 08 Sep 2007 Posts: 631 29.96 Dollars($)	Posted: Thu Jul 23, 2009 12:38 pm    Post subject: Like 0 Dislike 0 If you don't owe more than it is worth, why is it not selling? You could try to get the bank to take less than you owe... this is called a "short sale"... do you have a realtor... if so they should be able to help... if your real estate agent doesn't want to... find another agent. _________________ Eric Matthews Mortgage Refinance and Home Loan Guide

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0