How Deed in lieu of foreclosure will affect someone credit report?

understanding questioned: Due to financial hardship house is going into foreclosure. I tried to get a loan modification which was unsuccessful. Now I have three choices: 1) place the house on the market and hope to get it sold before a foreclosure date. 2) get a small sell and have to paid the difference. 3) [...]

After a deed in lieu of foreclosure, what are my chances of ever owning a home?

lil_sprite_77 questioned: I had to do a deed in lieu last year on my house. Does this mean my chances of ever getting a new mortgage are non existent? With the current housing prices so low, I could easily afford a house now, but I’ve been told that because of my deed in lieu, I [...]

How long can you live in your home after filing a DEED IN LIEU?

Michelle W questioned: We are in the middle of filing deed in lieu . We know it can take 30 to 45 days till they approve it. After that what happens ? Do they give us a set time to go out ? Is it like 30 days or months? Thanks for your help ~ [...]

Doing a deed in lieu, what to do with realtor?

S questioned: I’m in the process of doing a deed in lieu with my bank but my contract with the realtor is not over. What will happen if the deed in lieu goes thru before the contract is over? I have 2 months left on the contract.stop foreclosure

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