Futti questioned: My husband and I were about to lose our home. The mortgage company sent us some papers from their bankruptcy department offering for us to do a deed in lieu of foreclosure. After we signed the paperwork and returned it to them they chose to proceed with a foreclosure (3 months later). Can [...]

moham questioned: I am several months behind in mortgage payments on a rental property, I have heard about a deed in lieu of foreclosure . does anyone know how this works ? and does it still count against your credit rating ? can this be done by calling the original mortgage holder and returning the [...]

Dee questioned: I currently have a balloon payment on an interest only loan I can’t refinance because the value has decreased. What are the options to avoid foreclosure, refinance and/ or get rid of the house without ruining my 726 mid score (no lates). I would really prefer to get rid of this house and [...]

Nancy B questioned: We found out a week ago that our landlord wasn’t paying mortgage on a house he leased us, and it’s up for foreclosure, some huge company took it over, and are evicting us, giving us $500 to get out in 9 days and clean the house up for them. It’s unfair and [...]