deed in lieu: Fannie Mae Deed In Lieu Program vs Short Sale in progress
- 06/10/10 03:42 PM
I have had a few foreclosure attorneys send my customers offers for "cash for a deed in lieu". I questioned the servicer as to why the attorneys were sending investors and second homeowners letters for cash. Bank of America states that this is an option if a short sale does not work out. Why the attorneys are sending out letters for deed in lieu instead of telling homeowners to FIND A REALTOR and list for a short sale is troubling. I have asked Fannie Mae to tell me why as a tax payer we are paying investors money to give back property? … (1 comments)
I have had a few foreclosure attorneys send my customers offers for "cash for a deed in lieu". I questioned the servicer as to why the attorneys were sending investors and second homeowners letters for cash. Bank of America states that this is an option if a short sale does not work out. Why the attorneys are sending out letters for deed in lieu instead of telling homeowners to FIND A REALTOR and list for a short sale is troubling. I have asked Fannie Mae to tell me why as a tax payer we are paying investors money to give back property? … (1 comments)
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