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unclebuck48 · Joined: 09 Sep 2009 Posts: 27 9.10 Dollars($)

I believe my lender will want me to put my home up for sale for at least 3 months with a realtor(short sale) before considering a DIL, if it doesn't sell will they do a DIL?, what other options do they have other than foreclosure, which I believe would be more costly and more time consuming than a DIL. Any thoughts? Thanks

jameshogg · Posted: Thu Nov 19, 2009 10:06 pm Post subject:

Hi unclebuck,

It would be the lender's discretion whether or not he would agree to a short sale or a deed in lieu of foreclosure. If you want to save the property, then you can apply for a loan modification. The lender would give you a repayment plan depending upon your financial situation which will help you save your property.

Thanks

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Force a DIL?