JDFN Financial Network

James Dicks's Blog – June 2011 Archive (1)

Deed in Lieu of Foreclosure - Might Be An Answer

So many people today are in foreclosure around the country; the banks and the courts are really getting backed up.  If you are in this situation, you might want to approach your mortgage company and see if you qualify for a Deed in Lieu (DIL) of Foreclosure to avoid the foreclosure process.



Basically, a DIL allows the homeowner to voluntarily transfer the ownership of their property to the mortgage holder in exchange for a release from the mortgage loan and payments.  This is becoming… Continue

Added by James Dicks on June 12, 2011 at 2:02pm — No Comments

About

James Dicks created this Ning Network.

© 2024   Created by James Dicks.   Powered by

Badges  |  Report an Issue  |  Terms of Service