How do I begin the process of Deed in Lieu of Foreclosure

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Icon Mini Profile aamedicalsuply




Joined: 07 Nov 2009

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PostPosted: Sat Nov 07, 2009 9:38 am    Post subject: How do I begin the process of Deed in Lieu of Foreclosure

Hi, Can you provide details on how I would begin this process? thank you
Icon Mini Profile Niicss
Niicss



Joined: 03 Oct 2005

Posts: 3227
Location: New Jersey
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PostPosted: Mon Nov 09, 2009 2:28 am    Post subject:

You will have to write a hardship letter to the lender and apply for a deed in lieu of foreclosure. The lender will get to know about your financial situation from the hardship letter and would let you know whether or not he would consider your request.
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