Should The Home Owner Do A Deed In Lieu Of Foreclosure?

Answer: It is not recommended

A home owner can attempt a "deed in lieu of foreclosure" but sometimes the lender won't agree. If there is more than one lien holder, it is very difficult to do a deed in lieu.

If a foreclosure is imminent, this may be the only option. In some cases the home owner can have a deficiency judgment filed against them.

Often times a lender will offer the home owner "cash for keys" and pay them up to $1,500 or more to vacate the property and leave it broom swept clean by a pre-determined date.

Please call 1-800-480-1917 or e-mail ZOOMLossMitigation@gmail.com with any additional questions.

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