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Deed in Lieu

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chuck Joined: 08 Nov 2009 Posts: 1 1.24 Dollars($)	Posted: Sun Nov 08, 2009 6:53 pm    Post subject: Deed in Lieu Like 0 Dislike 0 Can I apply for a Deed in lieu with my first mortgage, if I have two other liens with two other banks?
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Sun Nov 08, 2009 10:13 pm    Post subject: Like 0 Dislike 0 Hi chuck, You can definitely apply for a deed in lieu with your first mortgage. You can talk with the loss mitigation department of your lender and negotiate for a deed in lieu. However, you also need to take permission from your other two lenders to go ahead with the DIL.

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