Deed in lieu of foreclosure
We have purchased a home here in Louisiana approx 4 years ago. The home is only 6 years old and has flooded 4 times. These are not only floods with hurricanes but average Louisiana rains. We have drainage issues in the neighborhood that no-one will correct. We have hired attorneys to go after developers, tried speaking to city councilmen, parish presidents, insurance companies, or just about anywhere to get help. No one wants to take responsibility for the poor design. We can not take it anymore. We have not missed any payments, we can still afford the mortgage but we can not live in a house that is unlivable 50% of the year. Can we deed this back to the mortgage company? How can we get out of this hell hole. We don't have anything to sell or even rent!!
Thanks -
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