Will the bank sue me?? - Loan Modification Forum

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Will the bank sue me??

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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 Will the bank sue me?? 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 foreclose on a one acre lot in Az. that has no home on iit. M&I Bank ...

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02-11-2009, 09:29 PM	#1 (permalink)
bgallow138 Member Join Date: Nov 2008 Posts: 9 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Will the bank sue me?? I am going to foreclose on a one acre lot in Az. that has no home on iit. M&I Bank refuses to work with me or accept a deed in lieu. I even offered 8K cash (all I have).. As a result it will go to foreclosure. What make the bank decide whether to sue for the deficiency or not??? Will they sue me, and how can they when the refuse to take several payment offers or deed in lieu offers? Please help. We dont want to get sued and risk loosing other assets. The land is the only thing I cant afford. I can afford all other bills. Brian

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