Deed-in-Lieu of Foreclosure.
By Justin Letheby
(Keller Williams Fox Valley Realty)
So last week, I was making phone calls to see if people still wanted to sell their home and I had a couple of families tell me that they have had enough and that the are going to give their home back by Deed in Lieu of foreclosure. While this is a definite option, I worry that consumers are not getting the best. Now I am not an attorney, an accountant, or a mortgagor, I am just a Realtor that wants to make sure Homeowners make the best decision for them and/or their family. Now their are many options out their for homeowners that are struggling making their payments, such as loan modifications, Deed in lieu of foreclosure, Walk away, Borrow money, or Foreclosure! For the basis of this post I am just going after 2 options Short Sale and Deed in Leiu of Foreclosure. The disadv...