Posted on: 14th Aug, 2009 02:08 pm
Why one is better than the other...if credit score is not a consideration? If deficiency is $150k why would bank accept a deed in lieu anyway?
Short sale is good to save your self from the credit score problem
Depending on the bank they may agree for deed in lieu to prvenet the lengthly and expensive process of foreclosure
Depending on the bank they may agree for deed in lieu to prvenet the lengthly and expensive process of foreclosure
jmicc
If you are not worried about credit socre then why not foreclosure, that will prevent you from runnign behind the bank for deed in lieu
Good luck and feel free to ask
If you are not worried about credit socre then why not foreclosure, that will prevent you from runnign behind the bank for deed in lieu
Good luck and feel free to ask