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deed in lieu

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cperea Joined: 14 Feb 2011 Posts: 1 1.28 Dollars($)	Posted: Mon Feb 14, 2011 10:52 pm    Post subject: deed in lieu Like 0 Dislike 0 My house is in short sale for over 8 months and now the offer is $650k but the mortgage doesn't want to accept it, they want $665k. I have a second and a lien against my residential house. I can't afford it, can I ask for DIL, next week is the date of trustee sale. Please guide me what to do
sara Moderator Joined: 05 Jul 2006 Posts: 2699 Location: New Brunswick, New Jersey 497.27 Dollars($)	Posted: Tue Feb 15, 2011 1:57 am    Post subject: Like 0 Dislike 0 Hi cperea, You can apply for a deed in lieu of foreclosure in order to get rid of the property. You should write a hardship letter to your lender and ask the lender to consider your request for a deed in lieu of foreclosure. Take care. _________________ Find me at FB: http://www.facebook.com/people/Sara-Jones/100002976822020

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