• ¡Welcome to Lending Network!
  • America's Fastest Growing Loan Scenario Online Forum
Hello There, Guest! Login RegisterLogin with Google+


Welcome to Lending Network! America's Number One Loan Scenario Help Center For The Public Join Our Lending Network Online Community Forum And Ask Your Loan Case Scenarios To Our Moderators & Real Estate Professionals.
It takes seconds to become a member. Lending Network was created and launched as a mortgage, real estate, and credit information center for the general public to utilize it as a loan scenario help desk online community forum.

Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
FORECLOSURE VERSUS DEED IN LIEU OF FORECLOSURE
#1
If you are a homeowner facing foreclosure and have no option in saving your home, see if your mortgage lender can offer you a deed in lieu of foreclosure versus going through a foreclosure. A deed in lieu of foreclosure is much more favorable than a standard foreclosure when it comes to qualifying for a conventional loan after foreclosure. The waiting time to qualify to qualify for a conventional loan after a deed in lieu of foreclosure is 4 years after the deed in lieu of foreclosure has been recorded out of the homeowners name into the name of the mortgage lender. The waiting period is 7 years to qualify for a conventional loan after the foreclosure has been recorded into the mortgage lenders name and out of the homeowners name or the date of the sheriff's sale.

 
Reply
  


Forum Jump:


Browsing: 1 Guest(s)