Posts Tagged ‘Price Bracket’

If no loan modification what are my chances of a Deed in Lieu?

Sunday, July 13th, 2008
BigJoe asked:


I had a shortterm financial problem and my loan payments got behind. I can’t seem to get any interest from buyers, house is in the low price bracket but in good order, trouble is there is plenty around the area to choose from. I don’t want to sell but will face a longer term problel financially if I can’t lower the payments on one or both mortgages.
If I can’t negotiate a loan modification what chance would I have with a Deed in Lieu?
If I can’t talk the 1st lender into any form of modification l

Phyllis