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get rid of house

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clammer1

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Post Posted: Thu Aug 26, 2010 5:24 am    Post subject: get rid of house
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what do i expect next i got a denial from my bank they dontwant the house i have lien on it what should i do next its been dragging on for about a yr now
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adonis




Joined: 22 Oct 2005



Posts: 10574
Location: ALASKA
1090.82 Dollars($)
Post Posted: Thu Aug 26, 2010 10:43 pm    Post subject:
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Welcome clammer,

You can apply for a deed in lieu of foreclosure with your lender in order to sell it off. You'll not only be able to get rid of the property but you won't be liable for paying the balance dues resulting from the sale of the property. However, your score would get reduced by 250 points.

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