Deed in Lieu

Deed in Lieu
Every homeowners seems to get homeowners options letter.
Loan Mod
Short Sale
Deed in Lieu
Forbearance etc.
What the lenders do not tell you is that they have very specific guidelines for each.
The lenders also do not seem to give this vital bit of information to their customer service reps on the phone.
So you can start in on your Loan Modification or your Deed in Lieu and not find out until 15 days before you foreclosure sale that you are rejected from the program. Then you are given a simple statement such as you were not eligible. (after hours of paperwork, phone calls and faxing).
Or the one I hear after people try months to negotiate a deed in lieu…
- “you have tried to sell your property, and were unsuccessful for at least 90 days”.
The homeowner then says… well you never told me I had to list for a short sale first.
And frequently the person on the phone does not even know it is on Bank of Americas website…
some of Bank of America’s Deed in Lieu Rules
Every lender has a host of rules they do not tell you about.
Experienced attorneys and Realtors know the exceptions to those rules.
If you would like to work with some of the most qualified people in the country fill out the form below and we will put you in touch with a Certified Advisor and give you access to the UnderwaterRealestate.com client portal. Where you can get all the information you need regarding deed in lieu short sale, strategic default and more.
See if you qualify for a Deed in Lieu of Foreclosure