View Single Post
Old 11-14-2008, 12:21 AM   #25 (permalink)
Moe Bedard
Founder
 
Moe Bedard's Avatar
 
Join Date: Aug 2007
Location: Southern California
Posts: 16,685
Moe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond repute
Re: Please take a look at my letter...I need help with a DIL

Those would be the reasons why a DIL is being approved..........we have only had 2 other DIL approvals.........so that wouldn't be a good comparison as to why your investor is charging you........

when processing a deed in lieu there must be a cost savings rather than going to an auction/sheriff sale........so they must be showing a deficit by going the DIL route in this case...........that is why they are not able to mitigate (to make less severe) the loss.
__________________
Moe Bedard
Founder

LoanSafe.org "America's #1 Home Loan Forum"
LoanWorkout.org "America's # Loan Modification Blog"


Get My FREE Loan Modification E-Book | Please donate to LoanSafe.org | Loan Modification Training For Attorneys | Rate Your Mortgage Servicer


The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.
Moe Bedard is offline   Reply With Quote