Posted on: 01st Sep, 2008 10:48 pm
How likely is my mortgage company (chase) to accept a deed in lien of foreclosure
Also, how likely are they to go for a Deficiency Judgments ?
Also, how likely are they to go for a Deficiency Judgments ?
Welcome carenzafamily.
It depends on how best you can explain your financial situation. They may accept a deed in lieu but the deficiency is what lenders don't ask for in such a case. This is because the law demands that lenders should waive off the deficiency payment.
Thanks.
It depends on how best you can explain your financial situation. They may accept a deed in lieu but the deficiency is what lenders don't ask for in such a case. This is because the law demands that lenders should waive off the deficiency payment.
Thanks.