Posted on: 22nd May, 2010 10:26 am
Do I have to miss payments on my house before I can try for a deed in leiu of foreclosure?
hi chrys_may,
yes, you need to miss payments before you can try for a deed in lieu of foreclosure. a home owner opts for deed in lieu of foreclosure when he wants to avoid the foreclosure proceedings. in general, in deed in lieu of foreclosure the mortgage needs to be in default.
thanks,
sandra
yes, you need to miss payments before you can try for a deed in lieu of foreclosure. a home owner opts for deed in lieu of foreclosure when he wants to avoid the foreclosure proceedings. in general, in deed in lieu of foreclosure the mortgage needs to be in default.
thanks,
sandra