Tag Archives: deed in lieu
- My Ex-Husband Wants to Give Me the House. He Can’t Afford the Payments. – Kelly
“Dear Steve, Ex and I divorced last year. I left him the house but the judge did tell us the decree did not relieve me of the mortgage responsibility. Unfortunately he was not able to refi because of his current income. Called me last week to ask if I’d like the house back because he [...]
- Can I Short Sell My Home or Hand it Back to The Bank with a Deed in Lieu and Save My Credit? – Angela
“Dear Andy, In 2006, I had a house built from the ground up for my mother to lived in. I paid the mortgage every month always on time. Never missed a payment. My mother passed on 1/11/11, the house is now vacant. I put the house up for sell in March 2011. I paid 180,000 [...]
- Deed in Lieu of Foreclosure. What is it? – Bob
“Dear Steve, We’ve been having a tough time making our mortgage payments and someone mentioned that we could do something called a deed in lieu of foreclosure and hand the keys back to the bank. Is that true? Steve” The Answer: Dear Bob, A deed in lieu of foreclosure is essentially giving your keys [...]
- Lost Our Jobs. Need to Get Rid of House, Fast. – Me
“Dear Steve, Lost of jobs nowhere to turn. Husband and i both lost our jobs we have fallen behind on our bills and our mortgage. What is the safest quickest way to get out of our home without haviing to file bankruptcy? What about a short sale or lieu of deed? What does that cost? [...]
- What to Do When You Can’t Pay the Mortgage
If you’re having trouble making your house payments, the first thing to know is that you are not alone. Home mortgage defaults are at an all-time high across America. This is good news for you, because it means that mortgage lenders are familiar with people in default on their home loans and often have established [...]
- I Have a Mortgage With Chase, Will They Work With Me to Lower Payments? – Janet
“Dear Steve, We have more debt than we can handle. We have just seen a lawyer about bankruptcy. Even with bankruptcy our mortgage may be too much for us. I have a mortgage with Chase – after banruptcy will they work with me to lower payments? I have never been late with payments. Janet” The [...]
- I’m Recently Divorced and Trapped in an Upside Down Mortgage – Frank
Frank “Dear Steve, Recently divorced and trapped in an upside down mortgage. Living off credit cards to get by. I am recently divorced and bought out my ex wife during the up market for my current home. My mortgage is now upside down and I am not making enough money each month to even break [...]
- Crys Writes In And Asks “We’ve Been to Credit Counseling But Should We File For Bankruptcy?”
“Dear Steve Hi! I am a piano teacher, and due the bad economy have very few students, even though I am used to having plenty. We just moved because we could no longer afford where we lived. We gave up our house in a deed in lieu of foreclosure. My husband took a cut in [...]