foreclosure on our house in Lynnwood Washington

hello tiffany,

i think larry has offered the correct solution. you should try to avoid foreclosure if that is possible because it has damaging effects on your credit.

did you talk to your lender about your situation when you started missing the payments and why you had defaulted?

if you are unable to make the payments, you may also try to sell the property or sign a deed in lieu of foreclosure if the lender is willing to accept that. this will at least save you from the negative impact of the foreclosure. you should talk to lender immediately and check out what options you have.

Good luck with the lender! We have been trying to re-fi our home and our lender won't even return our phone calls or emails. We were approved but they obviously don't want us to save $. I guess they prefer we let it go to foreclosure. I am at the point tht I'm tired of begging them to talk to me. We are ready to pack our things and tell them they can have the house.

Ok, so don't let them foreclosure, rather say that you'd go for a deed in lieu. Credit-wise that will affect you less and the lender will not be able to collect the deficiency, if any. This is because deed-in-lieu doesn't allow the lender to collect the deficiency.

Good luck and keep us updated.

Florida34,

Don't give up. I posted a reply to another one of your posts to offer your some options.

Hi Tiffany,

I agree with Caron that you should look into a deed in lieu. You could even do a short sale if you find a buyer.