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deed in lieu & bankruptcy

Posted on: 17th May, 2010 08:56 am
I went through a bankruptcy in 2007. My home was included in it. I did not re-affirm with the bank, but have continued to make my payments. According to the bankruptcy and my lawyer, I am not responsible for any defiency that may occur if say I did a short sale. I recently lost my job of 17 years due to a reduction in force. Is a deed in lieu my best option? I have been rebuilding my credit score and am finally in good shape. Will a deed in lieu do any damage to my credit since I already was granted defiency protection? We have been trying to sell, but our home is in a higher price range than the majority of home buyers in my area can afford. We are willing to walk away. Need some advice
Please consult a lawyer , they can give you better advice .


Thanks
Vineeth
Posted on: 17th May, 2010 08:39 pm
Hi braylon!

Welcome to forums!

I've given my suggestions in regards to your query at:
http://www.mortgagefit.com/deed-lieu-47.html#165306

Check out my last post in this regard. I hope it will help you.

Feel free to ask if you've further queries.

Sussane
Posted on: 17th May, 2010 11:37 pm
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