Real estate blog entries tagged with preforeclosure by Paul Gruber CRS, e-PRO (The Edge Group Inc)

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Home : Blogs : Paul Gruber CRS, e-PRO : Paul Gruber CRS, e-PRO's Blog : Tag "preforeclosure"

preforeclosure: Should I consider a Deed in Lieu, Short Sale or just go the Foreclosure route in Colorado? - 02/22/11 12:55 PM

Deed in Lieu:
A deed in lieu of foreclosure is where you deed your property to the lender in exchange for being forgiven the entire amount of the mortgage. The lender then sells off the property in order to retrieve as much of the unpaid mortgage amount as they can. In my Real Estate career I have only seen a Deed in Lieu accepted by a Mortgage company as Colorado is deficiency state. The transaction was with an estate sale so I understand why the mortgage company did the Deed in Lieu as the deceased person didn't have any assets or … (1 comments)

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Paul Gruber CRS, e-PRO

Littleton, CO

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