I got contacted by somebody that is about to lose her house on foreclosure. I was reviewing many options for her, but none of them seem to be effective in her case. I do know that one alternative is to give the house back to the bank with a 'Deed in Lieu of Foreclosure'. Does anybody here has experience with this situation? What is the impact on her credit report?
I googled it and found two interesting links:
An example form: http://www.afscanhelp.com/pdf/deed-in-lieu.pdf
Text with some details: http://kaktus.com/real-estate-forms/free-forms/deed-in-lieu-of-foreclosure.html
I appreciate any input.
I googled it and found two interesting links:
An example form: http://www.afscanhelp.com/pdf/deed-in-lieu.pdf
Text with some details: http://kaktus.com/real-estate-forms/free-forms/deed-in-lieu-of-foreclosure.html
I appreciate any input.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.