Posted on: 14th Oct, 2010 05:40 pm
After my bankruptcy was discharged I received a letter from the bank offering alternatives to foreclosure. One of the alternatives was to sell the deed. I looked online and could not find any info on selling the deed to the bank. I did find info on Deed in Lieu. Now that foreclosures are frozen in all 50 states I really want to get the house out ot my name. Are there any things I need to consider if I sell the deed to the bank. ?
welcome bruceyoung,
you can contact the lender and apply for a deed in lieu of foreclosure in order to get rid of the property. if the lender accepts your request, you'll be able to sell off the property and won't have to go for foreclosure.
you can contact the lender and apply for a deed in lieu of foreclosure in order to get rid of the property. if the lender accepts your request, you'll be able to sell off the property and won't have to go for foreclosure.