Posted on: 29th Jan, 2014 11:50 am
I went to chapter 7 and they included my house, even when I made clear I wanted to keep it, any way, now is discharged, that's happens in 2011, now I'm traying to by me another house, at the same time started a "deed in lue" process on august 2013 and I'm still waiting to see the end, because I can not buy until I'm free from the first one, someone told me to do a quit claim deed, giving back the house to the lender, could it be done that way?. Thanks!. All this is in Florida.
Hi Manuel!
Welcome to the forums!
Yes, you can quitclaim the property and surrender it to the lender. The lender will then complete the deed in lieu of foreclosure process.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
Yes, you can quitclaim the property and surrender it to the lender. The lender will then complete the deed in lieu of foreclosure process.
Feel free to ask if you've further queries.
Sussane
Not sure about just quit claiming in this situation
You need to work with the bank - keep in mind that because the home was included in the BK it is considered a foreclosure from the date that it changes OUT of your name - which has not happened yet currently FHA os the quickest but it is still a 3 year wait after you transfer the home out of your name - so it will be a while before you can buy a new home
Hope it all works out
Brian Barnes
ENG Lending
Nationwide Lender
You need to work with the bank - keep in mind that because the home was included in the BK it is considered a foreclosure from the date that it changes OUT of your name - which has not happened yet currently FHA os the quickest but it is still a 3 year wait after you transfer the home out of your name - so it will be a while before you can buy a new home
Hope it all works out
Brian Barnes
ENG Lending
Nationwide Lender
Thank you both for your answers, I already have a new home, I mean, they are just waiting for me, to get free from this mortgage to do the closing, everything is on wheels, but I can't closed if I have another property, I don't know how, but is a preconstruction home and is ready, I've been six month dealing with my lender for a deed in lue and they are taking all their time and I don't know how long this guys can way for me, and I don't want to end on the streets with my wife and two teenagers daughters, I'm loosing this house already and could loose the new one too.