Foreclosure Help - Deed in Lieu Foreclosure Help and Information.
Another way the servicer can provide foreclosure help is through a short sale. In a short sale your mortgage company accepts less than what you owe on the house and writes off the difference.
In this scenario you the borrower will have to work with your mortgage company to get them to accept the sale. Usually, a potential buyer will come to your house and have an interior price evaluation performed. The information will be presented to the mortgage company and it will either accept or deny the offer.
In order to get the servicer to provide foreclosure help and to accept this you will have to contact the servicer yourself and work to accept the sale. You usually will have to provide proof of hardship and unwillingness to keep the property. A great source of foreclosure help maybe a potential buyer who has been through the short sale process before since they will know better how to work with the mortgage company.
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