If you do not wish to keep your property, then you can request a deed in lieu of foreclosure. Each mortgage company has its own unique guidelines for deed in lieu transactions. Typically, the mortgage company will want some documentation of inability to pay, and will require a lengthy approval process. An attorney’s office or reputable loan modification company may be able to assist. As a borrower, you should confirm that the mortgage company or lender will release you from any further liability in exchange for the deed.
If you would like to discuss this with our firm, please call us at (214) 696-0021, or click below to instant chat with us.
Please call me:
Or click here for Instant Messaging with our office (office hours only)
Post Footer automatically generated by Add Post Footer Plugin for wordpress.
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
