Quote:
Originally Posted by dontwantthehouse  ah, yes, the attorney deal---this is our other "what to do" hurdle. Sounds like that may be the route we have to take.
OR have homeowners ever tried to do it on their own first and if it doesn't work out get an attorney to step in?
And one more thing, I was told that you can request the lender to sign off on something stating to the effect that they would not go after you for a deficiency but that can be just luck of the draw if they actually grant that. |
Hello,
Dontwantthehouse,
I have never heard of
CW approving DIL, they will however, approved a Loan Modification and Short Sale but not on DIL.
I have requested
CW for Loan Modification and DIL they denied my request but they approved Short Sale and they gave me a letter stating that when the escrow closed they will not pursue the deficiency judgment. The escrow closed on 07/09/08. I have 1st and 2nd with
CW and the investor is Fannie Mae.
Maybe they have change their procedure now and accepting DIL instead of foreclosure, because they spend around $50,000 to foreclose a house that's per foreclosure. So good luck and wish you the best. May God give you favor from your Negotiator and Investor.
Take care.
Faith
