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| Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Need Help with a deed in lieu of foreclosure AKA Take this Home & Shove It! You are not alone. We thought we would add this section to the forum to assist the homeowners that have made the tough decision to walk away from their homes. This is America and you have the right to walk away from contracts and your home. The question is what implications will you suffer for saying, "Take this home and shove it, I aint paying you no more!" Find out the good, the bad and the ugly. |
This is a discussion on 1099C--How is the Fair market value of your home determined? within the Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? forums, part of the Stop Foreclosure and Tell Us Your Story category; I am going to let my house go, but am worried about what the lender deems as "fair market value"? ...
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| Member Join Date: Nov 2009
Posts: 8
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | 1099C--How is the Fair market value of your home determined? I am going to let my house go, but am worried about what the lender deems as "fair market value"? How do they know 1000 miles away? Is it what the property sells for? What if it sells for $1, am I screwed? |
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