A Deed In Lieu Might Not Safeguard You In The Future Like A Short Sale Can
Well hello everyone my name is Matt Fetick with Sold By Short Sale, Delaware’s leading short sale specialist, thanks a lot for joining me today. My workforce and I specialize in short sales throughout the Wilmington area and I update my blog regularly to help educate owners in the community on their options for avoiding foreclosure. If my blog is useful, or if you would like some extra information, feel free to browse my web site or give me a call to discuss your options.
For my weblog right now I wanted to discuss the choice of a deed in lieu of foreclosure. If you have ever thought-about mailing the keys to your own home back to your bank because you are unable to make your payments you have thought of a deed in lieu. Because your financial institution does not actually own your house a deed in lieu of foreclosure is important with a purpose to give the financial institution the rights to your home. This requires you the homeowner to sign the home over to your financial institution instead of waiting to enter in to foreclosure. This may be a very good possibility for some folks but it surely doesn’t settle any unpaid balance that’s owed on your mortgage. Even when your financial institution sells your private home at auction you can still be liable for the difference between the selling price and the amount that was owed. In going through the short sale process we will negotiate with your bank as a way to have these deficiencies waived to protect you in the future. When you have any questions on the short sale process please visit my web site or contact me directly to set up a free consultation. Our group of short sale consultants wants to help get you out from below your distressed property and move on with your life. Thank you for time immediately and I look forward to hearing from you soon.
For more information on short sales and how to avoid foreclosure, visit the Sold By Short Sale blog or you can also contact the Matt Fetick team and get started today.
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