More often than not, I have clients and customers tell me their attorney tells tem to just file bankruptcy and let the lender foreclose on the house.
WHAT!?
This is unbelievable to me! I have asked several attorneys why they think this. I believe they don’t realize the credit impact a foreclosure can possibly have on a client’s ability to buy another home in the future.
Currently, on the standard 1003 loan application form, there is a question about foreclosure or deed in lieu of. This must be … (14 comments)
Why do Attorneys think Foreclosure is no Big Deal?
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