Deed-in-lieu of foreclosure

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Posted by Ward-CA- on November 16, 2003 at 02:29:00:

In Reply to: deed in lew of foreclosure posted by dorothy gafford on November 15, 2003 at 16:39:24:

: just went thru bancruptcy owe on some property that was
discharged i am not living in the house the lender wants me to
sign a deed in lew of foreclosure
: in okla i can't pay for this property what should i do ? are there
any repurcussions later if i sign this?
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Dorothy,

A deed-in-lieu of foreclosure would save you from going through
a foreclosure and all that entails. Make sure the lender waives any
right or reimbursement from you for any deficiency they might
suffer in the final disposition of the property.

Hope this helps.

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Comments:




: : just went thru bancruptcy owe on some property that was 


: discharged i am not living in the house the lender wants me to 


: sign a deed in lew of foreclosure


: : in okla i can't pay for this property what should i do ? are there 


: any repurcussions later if i sign this?


: ===========





: Dorothy,





: A deed-in-lieu of foreclosure would save you from going through 


: a foreclosure and all that entails. Make sure the lender waives any 


: right or reimbursement from you for any deficiency they might 


: suffer in the final disposition of the property.





: Hope this helps.








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