Posted on: 10th Jun, 2009 06:04 pm
can you tell me how a deed in liew of forclosure affects a second mortgage?
Hi Guest!
Welcome to forums!
Your query has been answered in the given link:
http://www.mortgagefit.com/predeal/about23059.html#100850
Please check it out. I hope it'll help you.
Sussane
Welcome to forums!
Your query has been answered in the given link:
http://www.mortgagefit.com/predeal/about23059.html#100850
Please check it out. I hope it'll help you.
Sussane
Guest
Welcoem to the forum.
When you have two loans and it is with different lenders, I amnot sure even if your first lender will agree for deed in lieu.
By doding so they kind of agreeign to take over both the loans.
Best option would be a short sale or forclsoure.
Good luck and feel free to ask
Welcoem to the forum.
When you have two loans and it is with different lenders, I amnot sure even if your first lender will agree for deed in lieu.
By doding so they kind of agreeign to take over both the loans.
Best option would be a short sale or forclsoure.
Good luck and feel free to ask
you are responsible for payment of both the loans. you will qualify for Deed-in-lieu only if you don't have another mortgage in default.