Posted on: 17th Sep, 2009 10:34 am
My mortgage company indicated to me that a deed in leiu is not guaranteed how frequently do mortgage companies do them? I was wondering if I should take the time to clean the place up considering the deed in leiu is not guaranteed. I may just get a repo. Please advise.
Deed in lieu is based on the individual situation. You cannot say how often they do it. If you compare today to last couple ofyears the situation has changed