Posted on: 26th Aug, 2010 05:24 am
what do i expect next i got a denial from my bank they dontwant the house i have lien on it what should i do next its been dragging on for about a yr now
Welcome clammer,
You can apply for a deed in lieu of foreclosure with your lender in order to sell it off. You'll not only be able to get rid of the property but you won't be liable for paying the balance dues resulting from the sale of the property. However, your score would get reduced by 250 points.
You can apply for a deed in lieu of foreclosure with your lender in order to sell it off. You'll not only be able to get rid of the property but you won't be liable for paying the balance dues resulting from the sale of the property. However, your score would get reduced by 250 points.