Posted on: 10th Mar, 2011 03:37 pm
is it better to rent out the house, or take the hit with a deed in lieu and just walk away. i do not want the house but not sure if i want the headache of renters? I have been offered both options from my lender.
hi malgrudz,
you can go for the option of deed in lieu of foreclosure in order to get rid of the property. though it will affect your credit scores badly, you won't be liable for paying any deficient balance to the lender.
thanks
you can go for the option of deed in lieu of foreclosure in order to get rid of the property. though it will affect your credit scores badly, you won't be liable for paying any deficient balance to the lender.
thanks