Real estate blog entries tagged with deed lieu foreclosure by Eric J

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Home : Blogs : Eric J : Surfing The Waves Of The Real Estate Market : Tag "deed lieu foreclosure"

deed lieu foreclosure: Deed In Lieu - Is it for you? - 12/14/09 02:46 PM

What is a Deed In Lieu? How does a Deed In Lieu Work? Tax Implications? How will a deed in lieu impact your credit scores? How soon after can you apply for another mortgage?
Deed in lieu of foreclosure is a process in which you give away your property to the lender because you just can no longer make your payments. In exchange, the lender essentially cancels your loan and you are no longer responsible for the mortgage.
The process....
When you apply for a deed in lieu of foreclosure, you will need to sign an "Agreement In Lieu Of Foreclosure", a "Warranty deed" and a "quit … (5 comments)

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