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    dlogan's Avatar
    dlogan Posts: 1, Reputation: 1
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    #1

    Jul 19, 2008, 04:36 AM
    Deed in leu
    Howw do I get this process started?
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
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    #2

    Jul 19, 2008, 05:27 AM
    Your lender must agree; write it a letter. Check this: Deed-In-Lieu Frequently Asked Questions - HUD
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Jul 19, 2008, 07:50 AM
    How long has the home been for sale, many lenders require 3 to 6 months of being listed with a realitor before they will even discuss it.

    But it will be up to the lender, you can merely ask them I had many turned down last year. Many lenders will have a budget paper work you have to file out to prove to them you don't have the money to pay them. Many banks are foreclose instead.
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