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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] At the appraisal stage in the deed in lieu process and have a question Posted by teacher in MS on November 05, 2001 at 6:54 PM The mortgage company is sending an appraiser and they will be here tomorrow to appraise the property for a possible deed in lieu. We sent in all the other info., hardship letter and financial package. The mortgager says after they have the appraisal they will have an answer for us on whether they can do the deed in lieu. Does the appraisal have a lot to do with it?? I read somewhere in my research about this that if the property has current equity then a deed in lieu might not be accepted. Is that true?? I mean we don't have much equity we owe around 96,000 and the last appraisal we had 6 or 7 years ago was 103,000.00. Is that too much?? What could happen?? They are going to get the house either way. I don't understand. Follow Ups: Re: At the appraisal stage in the deed in lieu process and have a question Ward-CA- 8:19 PM, 11/05/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : The mortgage company is sending an appraiser and they will be here tomorrow to appraise the property for a possible deed in lieu. We sent in all the other info., hardship letter and financial package. The mortgager says after they have the appraisal they will have an answer for us on whether they can do the deed in lieu. Does the appraisal have a lot to do with it?? : I read somewhere in my research about this that if the property has current equity then a deed in lieu might not be accepted. Is that true?? I mean we don't have much equity we owe around 96,000 and the last appraisal we had 6 or 7 years ago was 103,000.00. Is that too much?? What could happen?? They are going to get the house either way. I don't understand. : 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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