Posted on: 14th Jun, 2007 12:15 pm
What are the steps for a deed in lieu foreclosure?
Susan, tell us more about your problem.
You must know that by DIL you will lose your house. Have you explored other options to have your mortgage modified?
How is the market in your area? You can look to sell the house and pay off the loan as a deed in lieu will affect your credit score. If the houses are not selling in your locality then lender might not agree to accept the house through a deed in lieu.
You must know that by DIL you will lose your house. Have you explored other options to have your mortgage modified?
How is the market in your area? You can look to sell the house and pay off the loan as a deed in lieu will affect your credit score. If the houses are not selling in your locality then lender might not agree to accept the house through a deed in lieu.
Please read the details of DIL of foreclosure process from this page Susan - http://www.mortgagefit.com/deed-lieu.html
Miller
Miller
Welcome susan,
If you are willing to go for a deed-in-lieu, you may take a look at the Steps in deed-in-lieu process.
If you are willing to go for a deed-in-lieu, you may take a look at the Steps in deed-in-lieu process.