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mooli7dm · 12-12-2008, 08:29 AM

Hi All,

This is my first post here and I hope this is the right place to post this question.

I am trying to do a deed in lieu with Countrywide and after having spent some fair amount of time on the phone with them, I have been told that I do not qualify for a deed in lieu. I qualify for a short sale but not for a deed in lieu.

Does anyone know why this may be and if there is any way I (or with the help of an attorney) can still get them to do a deed in lieu?

If it helps answer this question, I have 30 year fixed FHA loan. I was kind of hinted on my last conversation with them that I may not be qualified because this is an FHA loan and since the government would insure this loan, Countrywide does not have to take a loss on the loan. Is this true? If it is true, why would they be open for a short sale?

12-12-2008, 08:29 AM	#1 (permalink)
mooli7dm Junior Member Join Date: Dec 2008 Posts: 1 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Do not qualify for Deed in Lieu Hi All, This is my first post here and I hope this is the right place to post this question. I am trying to do a deed in lieu with Countrywide and after having spent some fair amount of time on the phone with them, I have been told that I do not qualify for a deed in lieu. I qualify for a short sale but not for a deed in lieu. Does anyone know why this may be and if there is any way I (or with the help of an attorney) can still get them to do a deed in lieu? If it helps answer this question, I have 30 year fixed FHA loan. I was kind of hinted on my last conversation with them that I may not be qualified because this is an FHA loan and since the government would insure this loan, Countrywide does not have to take a loss on the loan. Is this true? If it is true, why would they be open for a short sale?