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Deed-in-lieu of foreclosure due to divorce

After our divorce, my ex-husband remained in our marital home. We agreed to sell the home and that he would live there until it sold. Well...the house hasn't sold and has been on the market about 5 months. My ex-husband hasn't missed a mortgage payment yet, but he can no longer afford the payments. Would we qualify for a deed-in-lieu of foreclosure?

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi,

Yes, I think you can go for a deed-in-lieu of foreclosure if you can prove your financial hardship.

Like | Dislike | Share | Posted: Thu, 02/04/2016 - 23:52 | Post subject:

jenkin7's picture
jenkin7 | Joined: June 4, 2007 11:02 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hello Robin,

I guess you need to have some late payments to qualify for [url=http://www.mortgagefit.com/deed-lieu.html]deed in lieu of foreclosure[/url].

Like | Dislike | Share | Posted: Thu, 02/04/2016 - 23:52 | Post subject:

larry2's picture
larry2 | Joined: June 27, 2007 02:50 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Yes, it is better for you to go for deed in lieu. You have to prove your financial crisis to the lender. That’s all :)

Like | Dislike | Share | Posted: Thu, 02/04/2016 - 23:52 | Post subject:

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