Posted on: 22nd Sep, 2012 12:39 am
we filed and received a discharge from chapter 7 bankruptcy in feb 2009. our bankruptcy filing included our mortgage. we stayed in the home and continued making payments until march 2011. the home went into foreclosure and a sheriff sale was to happen in august 2012 but was cancelled. i want the deed out of our name since we vacated the property almost two years ago. can we do a deed in lieu instead of waiting for another sheriff sale date? how will this effect our credit, currently the mortgage shows included in bankruptcy. if we sign a deed in lieu can the mortgage company report this and therefore put a negative post on our credit report and damage our rebuilt credit score?
hi java,
you can contact the lender and apply for a deed in lieu of foreclosure. however, it will be the lender's discretion whether or not he will consider your request. as you have already filed bankruptcy and received a discharge, i don't think the deed in lieu of foreclosure will have a negative impact on your credit any further.
thanks,
jerry
you can contact the lender and apply for a deed in lieu of foreclosure. however, it will be the lender's discretion whether or not he will consider your request. as you have already filed bankruptcy and received a discharge, i don't think the deed in lieu of foreclosure will have a negative impact on your credit any further.
thanks,
jerry
hi java,
to know all about deed in lieu of foreclosure, you can check out the given page: http://www.mortgagefit.com/deed-lieu.html .
thanks
to know all about deed in lieu of foreclosure, you can check out the given page: http://www.mortgagefit.com/deed-lieu.html .
thanks