Posted on: 27th Feb, 2009 02:39 pm
I have a time share and I can not afford to make the payments. Would this qualify for a deed in lieu? Thanks
Hi chall,
You will have to speak to the lender about a deed in lieu. If you are delinquent on your payments, then the lender may accept it. While applying for a deed in lieu, you will have to write a hardship letter to the lender wherein you need to state the reasons for the non payment of debts.
If the lender is convinced, then he will go for a deed in lieu and let you know what you need to do next.
Thanks
You will have to speak to the lender about a deed in lieu. If you are delinquent on your payments, then the lender may accept it. While applying for a deed in lieu, you will have to write a hardship letter to the lender wherein you need to state the reasons for the non payment of debts.
If the lender is convinced, then he will go for a deed in lieu and let you know what you need to do next.
Thanks