Posted on: 29th Sep, 2010 09:05 am
WE HAD A SHORT SALE OFFER ON OUR PROPERTY BUT THE MORTGAGE COMPANY REFUSED IT. THIS WAS A SECOND PROPERTY. THEY HAVE OFFERED US A DEED IN LIEU OF NOTICE BUT ARE REQUESTING OVER $6,000 TO CLEAR UP LEGAL FEES. IS THIS A NORMAL AMOUNT. WE DO NOT HAVE THE REQUESTED AMOUNT.
IF THIS GOES TO FORECLOSURE WHAT HAPPENS TO THE HOME WE LIVE IN.
IF THIS GOES TO FORECLOSURE WHAT HAPPENS TO THE HOME WE LIVE IN.
welcome chucklebros,
in case of a deed in lieu of foreclosure, the lender forgives the balance amount resulting from the sale of the property. he cannot ask for money to clear the legal fees. you should contact the lender and ask him to waive off the amount that he is charging you.
in case of a deed in lieu of foreclosure, the lender forgives the balance amount resulting from the sale of the property. he cannot ask for money to clear the legal fees. you should contact the lender and ask him to waive off the amount that he is charging you.