Re: Walking away
Posted by steele in minnesota on April 26, 2008 at 06:37:02:
In Reply to: Re: Walking away
Posted by Mac on April 25, 2008 at 13:55:43:
As stated in the other messages it might not be in the lenders best interest to do the D-I-L. And I would guess so as they turned you down. You can not simply send them the keys. They have to accept them and you have already been turned down.
Foreclosure will proceed.
While I see where you are coming from, you don't seem to see that this may not benefit the lender as well. The point about the mortgage insurance is probably what is happening here. The insurance company may be telling them no money if D-I-L.
Make sense?
Steele
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