My house is going into forclosure. I was contacted today by the bank and asked about a deed in lieu of forclosure. I tried to look it up and got some info but would like to know what it is and if it is a good idea. What will happen to me/my credit if this happens. What will I be liable for? Can they come after me for any money or assets?
I bought this house with my ex several years ago. About three years ago we split and I moved to another state. Our agreement was that he would get a roommate and refinance and take my name off when his credit was better. He didn’t want to sell when we split he wanted to stay in FL and I hated it out there. That’s why I left. HIs parents had asked that I sign a quitclaim deed and they also said they would refinance. At the time they were helping him make payments. Apparently they’ve stopped because out of the blue I got a call from the bank. I know that I’ve made stupid decisions but there isn’t anything I can do to change it. I just need to move on and any info you could help me with would be great!
Thanks!!!
If you could please mark this as interesting so it will get more attention I would greatly appreciate it!!!
Thanks again!!!
Here is a great resource to help A Foreclosure Survival Guide
www.stopbankforeclosurestips.com/website/sales.html
Just copy and paste in your browser.
