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Deed in Lieu of foreclosure

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Icon Mini Profile buell2up





Joined: 20 Aug 2009

Posts: 1

1.00 Dollars($)
Post Posted: Thu Aug 20, 2009 12:18 pm    Post subject: Deed in Lieu of foreclosure
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Does your home have to be for sale on the market for any set amount of time if you are going to ask to do a deed in lieu of foreclosure?
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10250
Location: ALASKA
1043.57 Dollars($)
Post Posted: Thu Aug 20, 2009 7:33 pm    Post subject:
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Hi buell,

Normally, the lenders may ask you to put up the property in the market for 90 days. If your property does not sell off within 90 days, then you can apply for a deed in lieu of foreclosure.

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