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e_kgriff · Joined: 17 Nov 2010 Posts: 2 1.33 Dollars($)

Responsibility of homeowner if approved for Deed inLieu of Foreclosure.

smithsussane · Posted: Wed Nov 17, 2010 8:07 pm Post subject:

Hi e_kgriff!

Welcome to forums!

The homeowner will have to transfer the property to the lender and leave the property. The lender will sell off the property in a deed in lieu of foreclosure auction and recover as much dues as possible. The rest of the balance will be forgiven by the lender.

Feel free to ask if you've further queries.

Sussane

e_kgriff · Joined: 17 Nov 2010 Posts: 2 1.33 Dollars($)

thank you

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Deed inLieu of Foreclosure in TX

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