Deed in lieu of foreclosure may be an option for qualified home owners to use in order to avoid foreclosure. Eligibility requirements according to HUD's website include:
- The mortgagor must provide documentation of a reduction in income or an increase
in living expense, and documentation, which verifies the borrowers need to vacate
the property.
Please consult with your mortgage company or attorney if you have questions regarding the deed in lieu process.
Related Florida real estate views:
Florida attorneys offering free help to homeowners facing foreclosure
Lender says no to deed in lieu
- Greg Staker - Watson Realty Corp. - 407-304-0255
No comments:
Post a Comment