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Re: deed in lieu of foreclosure?

Posted by NJD on February 26, 2007 at 14:55:52:

In Reply to: deed in leiu of? posted by lori on February 26, 2007 at 13:50:29:

A DIL would convey your interest to the lender. You would be abandoning your equity. If you've explored other non foreclosure options... including seeking a workout with your lender, a refinance, or bankruptcy...and none seem feasible... why not sell to salvage some if not all of your equity?

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