tax liabilites: DEED-IN-LIEU OF FORECLOSURE
- 04/16/12 02:39 AM
DEED-IN-LIEU OF FORECLOSURE By: Elaine VonCannon Associate Broker, ABR, SRES, Notary, Team Leader, Residential and Commercial Property Manager, Managing Partner VonCannon-Starke Commercial Division, Member of the National Association of Residential Property Managers, Award Winning Agent, RE/MAX Hall of Fame, Licensed in Virginia, Member of Commercial Council VAR
As the name sounds, a deed-in-lieu of foreclosure is a process in which the deed to a home is signed over to the mortgage company in return for them forgiving all, or a significant portion, of your mortgage loan. You are giving your property to your lender in exchange for a release of … (0 comments)
tax liabilites: Deed-In Lieu vs Short Sale
- 04/16/12 02:11 AM
Deed-In Lieu vs Short Sale By: Elaine VonCannon Associate Broker, ABR, SRES, Notary, Team Leader, Residential and Commercial Property Manager, Managing Partner VonCannon-Starke Commercial Division, Member of the National Association of Residential Property Managers, Award Winning Agent, RE/MAX Hall of Fame, Licensed in Virginia, Member of Commercial Council VAR Deed in lieu of foreclosure and "short sale" are alternatives to foreclosure. Because foreclosure is so devastating to a credit score, almost anything is better thanforeclosure, and both of these alternatives result a much lighter impact on a credit score.A deed in lieu of foreclosure and a short sale are very … (0 comments)
My blogs reflect my observations on life, real estate and my own state of the union (Elaine's world). I write my entries as a way to express myself and all the positive and negative aspects of real estate. I also use it to promote my listings and maybe even your enjoyment in reading it.
DEED-IN-LIEU OF FORECLOSURE By: Elaine VonCannon Associate Broker, ABR, SRES, Notary, Team Leader, Residential and Commercial Property Manager, Managing Partner VonCannon-Starke Commercial Division, Member of the National Association of Residential Property Managers, Award Winning Agent, RE/MAX Hall of Fame, Licensed in Virginia, Member of Commercial Council VAR
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