If the loan is more than the lender gets for the house, he or she could ask you to pay the deficiency and indicate on your credit report that you did not pay the loan in full. Be certain you cana#39;t face either of those possibilities before signing over your home voluntarily. In order for the lender to consider a deed-in-lieu of foreclosure, you will need to complete a financial disclosure ... That means you cana#39;t have a second mortgage, equity line, or any type of lien on record with the county.
|Title||:||250 Questions You Should Ask To Avoid Foreclosure|
|Publisher||:||Adams Media - 2007-07-03|