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Deed in Lieu of Foreclose

Posted on: 20th Jul, 2010 09:40 am
i have lost my job 3 months ago running out of funds. applied for unemployment compensation but have not received a check as of yet, although i am eligible.
who is the best professional to handle my deed in lieu of foreclosure. i have been current on payments but only have one month left before i will be unable to pay my mortgage and maintenance fees. also owe bank 143,000.
and taxed appraised at 86,000. help!!!
Hi miamimonty,

Your lender will be the best person to handle the deed in lieu of foreclosure. If you're facing a financial hardship to pay off the loan, then you should contact your lender and apply for a deed in lieu of foreclosure. If your lender is convinced about your financial situation, you'll be able to get a deed in lieu of foreclosure.

Thanks,

Jerry
Posted on: 21st Jul, 2010 03:13 am
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