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deed in liew

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Icon Mini Profile mkelso





Joined: 07 Feb 2009

Posts: 1

1.31 Dollars($)
Post Posted: Sat Feb 07, 2009 11:35 pm    Post subject: deed in liew
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I have 2 loans and can't continue to pay the mortgage with the slowing economy. I have a arm that has adjusted and have been requesting a modification for over a year with not luck due to the fact that I am current on the loan. Is a deed in leiw of Forcloseure the bes way to save my credit do to the fact the I cant keep paying for the home past next month?
Icon Mini Profile kingno1





Joined: 25 Apr 2008

Posts: 61

21.19 Dollars($)
Post Posted: Sun Feb 08, 2009 10:16 am    Post subject:
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Hello, I guess banks would not look at you unless you are behind by 1 or 2 months. Happened in my case. As for loan modification, if you qualify for it, then they will certainly come in terms if you are behind.
miguel

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Post Posted: Tue Mar 24, 2009 5:58 am    Post subject: deed in liew
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would a deed in liew on a second home affect my primary residence?
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