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    MORGAN777's Avatar
    MORGAN777 Posts: 1, Reputation: 1
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    #1

    Aug 31, 2008, 12:55 PM
    With yes or no for a deed in lieu .i still got to go
    :eek: Got to move for a better job and income next month ,I could't sell the house in a short sale it was in the market for a 1yr and for a rent ,the paymnet is to high( $1700 ) the house value is 199k in the market now , I was brought it for 260k , and at this moment I can pay the house with out a problem and never miss a pament.. im detremine to leave with a yes or no agreement with the bank.. :cool:


    if deed in lieu is not accepted by the bank beside a bad credit what consequences can happened?:rolleyes:
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Sep 1, 2008, 08:35 AM
    Hello M:

    They can sue you for the difference between what they sell it for, and what you owe.

    excon
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Sep 1, 2008, 01:05 PM
    I still hear stories of the deed in lieu being accepted somewhere for somebody, But if they would not accept a short sale, it is not likely they will not take a DIL.

    But all you can do is ask to see if they will
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