Deed in lieu

[Silverback]

Townhouse
200,000 purchase price
50,000 down
Note currently with 145,000 left
70,000 Market price

Foreclosure has just been sitting with the court with no activity for 4 years. I want out. I have asked for and gotten a Deed in Lieu offer. They are asking for a lot of financial information to judge my eligibility. I have no hardship, etc and am concerned about giving all of this information.

Is there any reason to be concerned? All I want is the foreclosure to be completed.

Thanks. SB

[jakelabry]

I absolutely would be concerned about providing financial information. Short sale and DIL almost always require the buyer be experiencing a financial hardship. If you can pay, then that's what they expect you to do - imagine that!