Posted on: 15th Oct, 2010 07:31 pm
RELATIVE'S HOME IS IN FORECLOSURE PROCESS - HAS BEEN ON MARKIET FOR 9 MONTHS - HAVE A BUYER WHO IS HAVING TROUBLE GETTING MORTGAGE - CURRENT MORTGAGE 7.5% - NO PAYMENTS MADE SINCE JANUARY-FOREBEARANCE PROMISED UNTIL JANUARY
it is not mandatory to take the help of an attorney for a deed in lieu of foreclosure. you can negotiate with the lender yourself in order to get a deed in lieu of foreclosure to sell off the property.