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Is it too late?

This is a topic titled Is it too late? made in the Mortgage Talk section, belongs to our Mortgage Chat category; Finances aren't what they used to be. Wife and I have hit tough times and haven't been able to make payment on mortgage for last three months. We ...








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Old November 20th, 2008, 10:10 AM   #1
Mike
Senior Member
 
Registered: Apr 2008
Posts: 1,497
Default Is it too late?

Finances aren't what they used to be. Wife and I have hit tough times and haven't been able to make payment on mortgage for last three months. We have been working with the lender, however, it advised that our options were limited to a Deed in Lieu or Short Sale. Based upon my research, appears that Deed in Lieu is the best option as it would forgive any deficiency. Problem, we recently received a letter from the lender advising that our andquot;working withandquot; does not pronibit the lender f...
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