STOP FORECLOSURE and WALK AWAY with a DEED IN LIEU OF FORECLOSURE
_ _Foreclosure_ALTERNATIVES_
_A MEMBER OF CONSUMERS INFO USA_
DEED-IN-LIEU OF FORECLOSURE
As the name sounds, a deed-in-lieu of foreclosure is a process in
which the deed to a home is signed over to the mortgage company in
return for them forgiving all, or a significant portion, of your
mortgage loan.
You are actually, in effect, giving your property to your lender
_in__ exchange for a release of your mortgage repayment obligation.
_The advantage to you is that it immediately releases most or all of
the defaulted loan.
You also avoid a full public foreclosure proceeding. You may receive
more generous terms than in a court ordered foreclosure. The
advantages to a lender are to minimize their losses... and a
significant reduction in the time, expense and red tape, involved in a
foreclosure proceeding.
Despite the fear of calling the lender to inform them of a
financial hardship or asking for help, homeowners should just contact
their bank or mortgage company and ask them what they can do to start
the process of reviewing an offer for a deed in lieu of foreclosure.
Mortgage companies are not allowed to request their clients give
them a deed in lieu, because it must be offered voluntarily by the
homeowner.
In fact, many mortgage companies will not even suggest this option
to homeowners in default, because they do not want to be viewed as
persuading or pressuring the delinquent homeowner into giving up their
home, and of course; they would rather have the money to pay off the
mortgage or get it back on track.
Thus, it will be up to the homeowners themselves to begin the
process of speaking to the bank or mortgage company about a deed in
lieu of foreclosure.
This should be done as soon as they know they will be unable to stop
foreclosure any other way. Deed in-lieu-of foreclosure should always
be an absolute last resort to avoid full a court order home
foreclosure.
Deeds in lieu of Foreclosures are not automatically approved by the
banks or mortgage company.
You need to educate yourself about the Deed in lieu process BEFORE
you attempt to contact your Mortgage Company.
Our eBook guide will show you how!
It will significantly improve the chances of your Deed in Lieu
application being approved!
WHAT WILL A DEED-IN-LIEU
OF FORECLOSURE DO FOR YOU?
* PREVENTS FULL COURT ORDERED FORECLOSURE FROM OCCURRING
* WILL STOP FORECLOSURE PROCEEDINGS IF ALREADY STARTED
* MAY ELIMINATE THE NEED TO FILE BANKRUPTCY
* ELIMINATES A POTENTIAL HOSTILE AND NEGATIVE SITUATION BETWEEN YOU
AND THE MORTGAGE COMPANY
* RELEASES YOU FROM FURTHER OBLIGATION TO PAY THE MORTGAGE
* ELIMINATES FORCED EVICTION AND ALLOWS YOU TIME TO PLAN AN ORDERLY
MOVE OUT OF THE HOME
* WILL LIMITED THE DAMAGE DONE TO YOUR CREDIT
* ALLOWS YOU TO SIGN THE DEED OVER TO THE MORTGAGE COMPANY AND
WALK AWAY
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How to get a
Mortgage Loan Modification
A Deed in-lieu-of Foreclosure or Short Sale
may not be your only options!
If you were able to get the terms of your mortgage changed
and the monthly payments reduced you would be able to
Stop Foreclosure and Keep your Home!
This eBook guide will show you how.
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OUR EBOOK GUIDE WILL HELP YOU
GET YOUR DEED-IN-LIEU OF FORECLOSURE
APPROVED BY YOUR MORTGAGE COMPANY!
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_Deed in Lieu of Foreclosure border-width: medium" align="left">
HOME
SHORT SALE
EBOOK GUIDE
My A.R.M. payments just
kept going up and up!
And the value of the home kept going down!
I owed more than my house was worth!
When they cut the hours back on my job, plus stopped overtime,
stress is not the right word to describe what I was going through! I
started missing payments and I was desperate!
I went online and found this website. I immediately downloaded this
eBook and began reading it.
You don't know what it feels like when you finally find the solution
to a major problem.
I quickly put my house up for sale. I knew there many other homes
for sale in my neighborhood that were not selling.
I did not care because I knew after a few weeks I was going to talk
to my mortgage company about a deed in lieu of foreclosure.
My mortgage company was not easy to deal with. But in the end I feel
like I made them take that deed because they knew my a.r.m. and the
monthly payments were a rip off and they knew the real estate market
in my area was bad and only getting worse.
The picture is me at the house right after the movers took the last
load to my new apartment.
I would definitely recommend that anybody who wants to get out of
their mortgage get this eBook.
_KAMEECHA M._
_DETROIT, MI_
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