Posted on: 31st Aug, 2010 01:43 pm
if i request a deed in lieu how will this affect my second mortgage
welcome davidhess,
you can apply for a deed in lieu of foreclosure with your first lender though you've a second loan. however, the second lender will not forgive the balance dues like the first lender. though you go for a deed in lieu of foreclosure, the second lender will come after you for the balance dues.
you can apply for a deed in lieu of foreclosure with your first lender though you've a second loan. however, the second lender will not forgive the balance dues like the first lender. though you go for a deed in lieu of foreclosure, the second lender will come after you for the balance dues.