Posted on: 18th Nov, 2010 11:05 am
Hi Cliff, I would like to know why financials and a financial worksheet are required by the Lender when a borrower is in the process of a Deed-in-lieu? Do expense ratios have anything to do with the final outcome?? Thank you, Michelle
welcome mgerant,
the lender will want to check your financial situation before he agrees to a deed in lieu of foreclosure. as a result he will ask you to fill out a financial worksheet. if the lender finds that you are capable of paying the dues, then he won't accept your deed in lieu of foreclosure.
the lender will want to check your financial situation before he agrees to a deed in lieu of foreclosure. as a result he will ask you to fill out a financial worksheet. if the lender finds that you are capable of paying the dues, then he won't accept your deed in lieu of foreclosure.