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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: voluntary foreclosure Posted by Lughead on October 10, 2006 at 10:25 AM In Reply to: voluntary foreclosure posted by nancy hoose on October 10, 2006 at 5:43 AM i believe you are asking about doing a deed-in-lieu of foreclosure - where you basically deed the property to the bank in lieu of your loan this must be approved by the lending institution and they would need to be certain that there are no other 'debts' against the property as well as ALL owners must sign title to the bank ... as such few lenders will accept a deed-in-lieu - but you wont know until you try contact the lender and ask for the loss mitigation or loans in default department and discuss with a supervisor to see what they say good luck Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : i believe you are asking about doing a deed-in-lieu of foreclosure - where you basically deed the property to the bank in lieu of your loan : this must be approved by the lending institution and they would need to be certain that there are no other 'debts' against the property as well as ALL owners must sign title to the bank ... as such few lenders will accept a deed-in-lieu - but you wont know until you try : contact the lender and ask for the loss mitigation or loans in default department and discuss with a supervisor to see what they say : good luck Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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