DeVonne Batts, MBA, Realtor | Keller Williams Preferred Properties | 240-737-28023101 Southern Ave #38, Temple Hills, MDLovely Temple Hills Condo for sale. Not a short sale. This 2 bedroom / 1 bathroom condo awaits you. Close to Metro and major highways.2BR/1BA Condooffered at $85,000Year Built2000Sq FootageUnspecifiedBedrooms2Bathrooms1 full, 0 partialFloors1Parking1 Uncovered spacesLot SizeUnspecifiedHOA/Maint$207…See More
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"Deed in lieu is generally the last option. The bank prefers 1)
attempted loan mod then 2) attempted short sale and if those fail
lastly 3) deed in lieu which can take up to 2 weeks to get done -
depending upon the servicer for the loan."
"How is the Seller's Credit Affected with a Short Sale and Deed in Lieu?
According to David Steep, division manager at Vitek Mortgage, Sacramento sellers, as well as sellers in other states, will take as big a hit on their credit report by…"
"A Deed in lieu of foreclosure is an instrument in which the borrower conveys all interest in a real property to the lender to satisfy a loan that is in default and avoid foreclosure proceedings.
The deed in lieu of foreclosure offers several…"
"I haven't had any clients do a deed in lieu, but have heard a lof of folks say they would do one. But my question is, why do a deed in lieu when you can do a short sale? Is one better than the other??"
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