If you have your house put for foreclosure, you will still owe some money.
Suppose you are told that you will still owe to the bank the difference from the sale. So is there always a possiblity that the house will sell for less then the loan is?
More likely you will be told to do a “Deed In Lieu“, and walk away from it. You must try and call your Lender and ask for this. Read the rest of this entry »
Tags: Bad Credit Mortgage, Mortgage Refinance, Second Mortgage Forecloser, Second Mortgage Plans, Second Mortgages, Deed in Lieu of Foreclosure, Forbearance plan, Partial Claim, Pre Foreclosure Sale, Refinancing