HELP ME PLEASE

Posted by dawn on October 25, 2002 at 01:14:08:

I'VE RECENTLY MOVED TO AZ FROM IN. WE HAVE HAD OUR HOUSE UP FOR SALE ( IN INDIANA)FOR ALMOST A YEAR NOW. THIS HAS BECOME QUITE A BURDEN, ESPECIALLY WITH KIDS. CAN I JUST CALL UP MY MORTGAGE COMPANY AND OFFER THEM THE HOUSE (DEED-IN-LIEU) WITHOUT HAVING ANY MISSED PAYMENTS. DO I NEED TO WAIT UNTIL THEY ARE READY TO FORECLOSE? AND IF THEY DON'T ACCEPT THE DEED-IN-LIEUM HOW BAD DOES THE FORECLOSURE AFFECT OUR CREDIT?

Follow Ups:

• Re: HELP ME PLEASE - steveb 04:06:37 10/25/02 (2)
  • Re: HELP ME PLEASE - david garcia 02:53:02 11/20/02 (0)
  • Re: HELP ME PLEASE - david garcia 02:51:21 11/20/02 (0)

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: I'VE RECENTLY MOVED TO AZ FROM IN. WE HAVE HAD OUR HOUSE UP FOR SALE ( IN INDIANA)FOR ALMOST A YEAR NOW. THIS HAS BECOME QUITE A BURDEN, ESPECIALLY WITH KIDS. CAN I JUST CALL UP MY MORTGAGE COMPANY AND OFFER THEM THE HOUSE (DEED-IN-LIEU) WITHOUT HAVING ANY MISSED PAYMENTS. DO I NEED TO WAIT UNTIL THEY ARE READY TO FORECLOSE? AND IF THEY DON'T ACCEPT THE DEED-IN-LIEUM HOW BAD DOES THE FORECLOSURE AFFECT OUR CREDIT?


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