Your home is underwater (vs. the mortgage, that is). Why not just hand over the keys and the title deed to the bank and walk away? Because the bank probably won't accept them. Here's why:
Pursue short sale before deed-in-lieu | Inman News
-David
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Showing posts with label Deed in lieu of foreclosure. Show all posts
Showing posts with label Deed in lieu of foreclosure. Show all posts
Wednesday, April 14, 2010
Tuesday, February 9, 2010
Is Treasury Admitting Mod Defeat? - CNBC
HAMP, the government's Home Affordability Modification Program, was introduced with great fanfare but has benefitted relatively few borrowers. That's a shame, because a properly designed and adminstered program could have helped a lot of people keep their homes. Now there's a new program, HAFA, the Home Affordable Foreclosure Alternatives program. It's emergence, and recent comments from Treasury advisors, suggest that the Treasury Dept may be admitting the failure of HAMP, instead endorsing short sales and deeds in lieu of foreclosure. - David
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