A Deed In Lieu Of Foreclosure Will Not Be Your Best Option For Avoiding Foreclosure
Posted on January 15th, 2012
Hello everybody my name is Josh Pomerleau with Short Sale Shift, Minnesota’s premiere short sale staff, thank you for checking out my blog today. I work with Keller Williams Realty in the Minneapolis area and blog daily from the short sale trenches to provide space owners with useful info on their options for avoiding foreclosure. If my blog is helpful as we speak please take a minute to browse the over five hundred videos on my website for much more information.
For our weblog subject in the present day I wanted to discuss a deed in lieu of foreclosure and if it is a good option to consider. Plenty of our clients come to us asking about a deed in lieu of foreclosure after being denied a mortgage modification on their underwater mortgage. Unfortunately, similar to a mortgage modification, a deed in lieu of foreclosure will be very arduous to qualify for. I feel many lenders present a deed in lieu as a great choice for a struggling homeowner but the reality is it’s totally rare when a home-owner qualifies for one. Something else to think about is {that a} deed in lieu will be just as damaging on your credit as an actual foreclosure. While this can be a topic you would want to discuss with an legal professional I’ve not heard many favorable outcomes from a deed in lieu. When you take into account a short sale instead you may be saving yourself a variety of time and money. Our group does an important job of getting deficiencies waived,especially when you have a second mortgage, and we wish to help you. You probably have any questions about your underwater mortgage please visit my website or contact me right this moment to discuss your options. On my website you will discover a short sale knowledgeable waiting to answer any questions you’ve gotten thanks to our short sale chat box. Thanks for testing my blog and have a terrific day.
For more information on short sales and how to avoid foreclosure, visit the Short Sale Shift blog or you can also contact the Josh Pomerleau team and get started today.
Filed under Avoid Foreclosure, Avoiding Foreclosure, Blog, Chat Box, Deed In Lieu of Foreclosure, Deficiencies, Favorable Outcomes, Job, Keller Williams Realty, Lenders, Minneapolis Area, Minnesota, Mortgage Deed, Options, Pomerleau, Present Day, Time And Money, Trenches, Variety, deed in lieu, discover, foreclosures, second mortgage, short sale, short sale specialist |
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