Posted on: 19th Sep, 2008 02:29 pm
i am unable to keep up with my mortgage payments as they stand . my mortgage balance is 350,000 my property value is 500,000 but I have 3 judgements attached to my title totaling 40,000. Will my bank take a deed in lieu with those jugements on my title?
Hi screaminhorns
Yes, you can ask the bank for a deed in lieu but it totally lies at the discretion of the bank to agree to it. They may go for foreclosure if they wish to do so.
Yes, you can ask the bank for a deed in lieu but it totally lies at the discretion of the bank to agree to it. They may go for foreclosure if they wish to do so.