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deed in lieu: Sample Deed in Lieu of Foreclosure Letter
- 03/11/08 01:23 PM
A law client recently asked me to prepare a "short sale" letter for him. Unfortunately, he didn't have a buyer for his home, so the short sale letter would have been of little use. There does seems to be a widespread mis-understanding regarding the difference between a short sale and a deed in lieu of foreclosure.
A short sale can be requested from a lender when the homeowner receives an offer for their house and the amount offered is less than the amount owed on the house. The sale comes up short and the homeowner asks the lender to accept the offered amount as payment in full for the … (21 comments)
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A law client recently asked me to prepare a "short sale" letter for him. Unfortunately, he didn't have a buyer for his home, so the short sale letter would have been of little use. There does seems to be a widespread mis-understanding regarding the difference between a short sale and a deed in lieu of foreclosure.
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