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Posts Tagged ‘Lieu’

Deed in Lieu of Foreclosure In Florida


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The borrower’s Deed in Lieu request and the lender’s Notice of Foreclosure crossed in the mail – what happens?

The borrower sent an application package for Deed in Lieu of Foreclosure at the same time that the lender filed a suit for foreclosure. Both were done before the other was received by either.

Does the liklihood of the lender considering or accepting the DIL change now that a foreclosure suit has been filed with the court?

The borrower has a complaint against the original mortgage broker pending with the state licensing department (Florida DBPR) for issues of fraud and deception. Could this have any affect on the foreclosure proceess?

What other options would you suggest to the borrower when the mortgages equal $330K but the value of the property has fallen to $260K? And short sale won’t work – the property has been listed at market value for 5 months with no actual viewings and only 3 no-shows.
Clarification: Preliminary response from state investigator indicates that the complaint against the broker is valid and that the broker engaged in unethical and/or illegal activity in conducting the transaction.

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Florida Short Sales

http://www.mortgagecrisissupport.com

Florida Attorney Discusses Short Sales as an option for Foreclosure in Florida.

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Short Refinance – Avoid Foreclosure in Florida

http://www.mortgagecrisissupportflorida.com/

Florida Attorney Larry Weisberg continues his series on how to avoid foreclosure in Florida including Florida Short Sale, Florida Loan Modification, Florida Short Refinance, Florida Forbearance, Florida Deed in Lieu, Avoid Foreclosure in Florida, Stop Foreclosure Florida

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Short Refinance – Avoid Foreclosure in Florida

http://www.mortgagecrisissupportflorida.com/

Florida Attorney Larry Weisberg continues his series on how to avoid foreclosure in Florida including Florida Short Sale, Florida Loan Modification, Florida Short Refinance, Florida Forbearance, Florida Deed in Lieu, Avoid Foreclosure in Florida, Stop Foreclosure Florida

Duration : 0:1:50

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