Re: Walking away

Posted by Julio Martinez-Clark on April 25, 2008 at 13:16:46:

In Reply to: Re: Walking away posted by Simon on April 25, 2008 at 12:54:13:

Simon,

Only your lender can answer your question with exactitude. Lenders are autonomous in their criteria to
accept deed-in-lieu. The lender should have given you a list of requirements for the deed-in-lieu and
should have given you a reason for the refusal. Generally lenders only accepts deed-in-lieu if the
borrower is going through proven financial hardship, there are no junior liens (e.g. second loans), etc.

I hope this helps,

Julio Martinez-Clark

Follow Ups:


Name    : 
E-Mail  : 
Subject : 

Comments:

 

      The "Reply" function is disabled for older messages.
Please visit the Foreclosure Discussion Board for current discussions.