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You are here: Home / Benton County Real Estate / Deed-in-Lieu Of Foreclosure posted by Bentonville Realtor Cody Burnett

Deed-in-Lieu Of Foreclosure posted by Bentonville Realtor Cody Burnett

October 21, 2011 By Cody Leave a Comment

Are you behind on your mortgage? If so, you have options. There are several detailed below. If a loan modification will not work for you and you cannot sell your home via a shortsale then you are pretty much left with foreclosure or a deed-in-lieu of foreclosure. The deed-in-lieu of foreclosure is basically where you surrender the home to the bank by signing the deed over to them. You might sign a Quit Claim Deed or something similar.

Take a look at my post about HAMP (Home Affordable Modification Program) it details a loan modification  http://wp.me/p1NH1r-4O . This would be your first course of action. If the loan can be modified then that would be preferred by the bank if not all parties.  Then take a look at my post about HAFA (Home Affordable Foreclosure Alternatives) it details options like shortsales and deed-in lieu of foreclosure http://wp.me/p1NH1r-4I . You can learn more about shortsales from my post http://wp.me/p1NH1r-4X .

If I can be of any assitance call me at 479-640-8375 or email me at [email protected].

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Filed Under: Benton County Real Estate, Bentonville Real Estate, Bentonville Realtor, Buyers, Featured Posts, Sellers Tagged With: avoid foreclosure, Bentonville Short Sale, Foreclosure alternatives, HAFA, HAMP

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About the Burnett Team

Cody and Christiane Burnett have been providing real estate services in Bentonville for several years, with 20+ years of combined experience. Cody is one of the top agents in Bentonville and has an extensive background in residential construction. [Read More]

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