Re: Foreclosure Vs. DIL
Posted by Paul on May 26, 2008 at 15:59:20:
In Reply to: Re: Foreclosure Vs. DIL
Posted by NJD on May 21, 2008 at 12:56:22: DIL is generally the last on the list of foreclosure avoidance options. A short sale would be preferred, particularly if it generates the highest net present value for the lender. Banks don't want to own/hold preoperties.
And I agree with NJD above - the bank will definitely want the money that you have in the bank.
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