Deed in Lieu of Foreclosure How can I do a Deed-in-lieu of Foreclosure? Deed-in-lieu of Foreclosure– Occurs when the lender accepts ownership of the property in place of the money owed on the mortgage. Basically, you simply sign over the property to the bank to avoid foreclosure. Sounds easy, right? Not so fast! Most lenders […]
Read MoreRent your home from BOA under its “Mortgage to Lease Program.” Bank of America (BOA) recently issued a Press Release outlining a “Limited Pilot Test” of their “Mortgage to Lease Program.” Under this program some BOA mortgage customers will be allowed to deed their homes to BOA and become renters instead of owners. From the […]
Read MoreForeclosure Defense and Loan Modifications Recently we have experienced an increase in the number of our clients receiving loan modifications. These modifications are both HAMP and In-House, temporary and permanent. The cause is unknown but for our clients, it doesn’t matter why. They are just grateful that it is happening. As the foreclosure world is […]
Read MoreI’m facing foreclosure, What can I do? Some of your options: 1. Do something: -Call your lender and try to arrange a Loan Modification, Refinance, short sale, or Deed-in-Lieu of foreclosure. -Loan Modification- A Loan Modification is a permanent/temporary change in one or more of the terms of your mortgage loan. Ideally, this will result […]
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