who qualifies for a deed in lieu of forclosure?

Netra E questioned: My husband and I cannot afford our mortgage payment or any repairs and maintenance, so we were trying to refinance; but, the closing costs are not affordable because we thought it was going to be included in the refinance. We requested to do a Deed in lieu of forclosure, but our mortgage [...]

will lending institutions settle the loan for the estate of a deceased person for less than the payoff?

renee b questioned: Real estate mkt is very terrible so can’t get a buyer for a house owned by my deceased relative. Trying to avoid foreclosure on the decendent’s home.stop foreclosure

How does a deed-in-lieu reflect on your credit?

bryantantoinette@sbcglobal.net questioned: I own property that I do not live in, someone else does. I’m responsable for the mortage, but since I’m the owner it reflects terribly on me. I can’t afford to pay the mortage on my own. I don’t know if I should foreclosure or deed-in-lieu foreclosure.stop foreclosure

Why do people let their house foreclose, rather than sell it?

Michael8 questioned: What goes through the typical home owner’s mind when they are in foreclosure? How do these people feel? Do they know all of their options? Do most homeowners take action to avoid foreclosure? If so, what do they do? How much of them are successful in avoiding the foreclosure? How much of them [...]

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