Posted on: 04th Dec, 2009 09:30 am
i didn't qualified for a loan mod so the next step is deed in lieu or short sale but i don't know which is better. i'm two months behind on payments. thanks
Hi,
it is wisely explained by savior. Both the options are situation dependent. if you want to apply for mortgage in near future try for short sale other wise go for DIL.
it is wisely explained by savior. Both the options are situation dependent. if you want to apply for mortgage in near future try for short sale other wise go for DIL.
I have a second on this mortgage, if I do a DIL will my second be forgiven?
All those things are pericularly depend upon that condition. So I will suggest you to put detailed condition and then ask so that you will get correct answer and accordingly you can decesion.
This seems to be incomplete information and this may leads to misunderstanding of your requirements.
This seems to be incomplete information and this may leads to misunderstanding of your requirements.
in geneeral, second mortgage will be considered as seperate one.
they have every right to recover it from you.
they have every right to recover it from you.