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DEED IN LIEU OF NOTICE

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CHUCKLEBROS Joined: 29 Sep 2010 Posts: 2 1.31 Dollars($)	Posted: Wed Sep 29, 2010 9:05 am    Post subject: DEED IN LIEU OF NOTICE Like 0 Dislike 0 WE HAD A SHORT SALE OFFER ON OUR PROPERTY BUT THE MORTGAGE COMPANY REFUSED IT. THIS WAS A SECOND PROPERTY. THEY HAVE OFFERED US A DEED IN LIEU OF NOTICE BUT ARE REQUESTING OVER $6,000 TO CLEAR UP LEGAL FEES. IS THIS A NORMAL AMOUNT. WE DO NOT HAVE THE REQUESTED AMOUNT. IF THIS GOES TO FORECLOSURE WHAT HAPPENS TO THE HOME WE LIVE IN.
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Wed Sep 29, 2010 9:50 pm    Post subject: Like 0 Dislike 0 Welcome CHUCKLEBROS, In case of a deed in lieu of foreclosure, the lender forgives the balance amount resulting from the sale of the property. He cannot ask for money to clear the legal fees. You should contact the lender and ask him to waive off the amount that he is charging you. _________________ Procrastination is the enemy of your financial success

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