Posted on: 20th Sep, 2010 05:16 pm
oh the house is worth more than what we owe on the loan does that make a difference in deed of lieu of trust
Welcome truskowski,
Though your property is underwater, you'll be able to qualify for a deed in lieu of foreclosure. The deficient amount resulting from the sale of the property will be forgiven by the lender. However, it will reduce your score by 250 points.
Though your property is underwater, you'll be able to qualify for a deed in lieu of foreclosure. The deficient amount resulting from the sale of the property will be forgiven by the lender. However, it will reduce your score by 250 points.