Posted on: 18th Sep, 2010 06:19 pm
In my divorce I am being asked to sign my name off the deed to our home. The mortgage is at least a year behind and has been on a short sale for a while. I understand it cannot be sold without my signature but how far behind can the payments be and still allow a deed in lieu?
Hi bunky,
You have mentioned that the mortgage is at least a year behind. In that case, you should immediately apply for a deed in lieu of foreclosure with your lender. You should contact your lender by writing a hardship letter. If the lender agrees to it, you'll be able to get rid of the property and won't be liable for paying the balance dues resulting from the property sale.
Thanks
You have mentioned that the mortgage is at least a year behind. In that case, you should immediately apply for a deed in lieu of foreclosure with your lender. You should contact your lender by writing a hardship letter. If the lender agrees to it, you'll be able to get rid of the property and won't be liable for paying the balance dues resulting from the property sale.
Thanks