Try, try, try...

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Posted by Ward-CA- on August 29, 2003 at 21:13:21:

In Reply to: Foreclosure posted by kathy miller on August 27, 2003 at 20:06:42:

: Is there such a thing as voluntary forelosure? I'm not behind in my payments yet, but my husband drained me and I can't afford to live here. Can I just turn the house over?

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Kathy,

There are a number of things you can do when you can't pay your mortgage, and one of them is to deed the property to your lender in lieu of both you and your lender having to go through the expense and time of a foreclosure procedure.

However, not too many lenders are that agreeable to doing a deed-in-lieu because many fear it might bog them down with more potential problems.

But you'll never know until you try.

Hope this helps.

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: : Is there such  a thing as voluntary forelosure?  I'm not behind in my payments yet, but my husband drained me and I can't afford to live here.  Can I just turn the house over?





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: Kathy,





: There are a number of things you can do when you can't pay your mortgage, and one of them is to deed the property to your lender in lieu of both you and your lender having to go through the expense and time of a foreclosure procedure.





: However, not too many lenders are that agreeable to doing a deed-in-lieu because many fear it might bog them down with more potential problems.





: But you'll never know until you try.





: Hope this helps.








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