I agree with the other comments. I also think that part of the answer depends on how you negotiate with the lender. Even if they accept deeds as a policy, they may not accept it in certain cases. If your not experienced in dealing with lenders on these matters, I suggest using someone experienced. It's like pulling your own tooth, you can do it, but using a professional dentist has it's benefits. Are you interested in keeping the property? If you are, you may want to consider a loan Modification. You are welcome to get more info about loan mods at our website, the information is free.
I invite you to contact us and ask us any other questions, even for more info about the deed question.
I wish you the best with it.
I am doing them for $50 - $100 per BPO, but have cut WAY back on the areas and zip codes I will cover due to fuel costs. While everything else goes up, the bank prices for BPO's goes down or stays stagnant, and that is not a win-win for me. I have two pending BPO's right now, and the only reason I took them is because one is 4 blocks from my parents house and I will be driving by there this weekend, and the other is about 25 miles away, but I have an appointment scheduled within one mile of there, so I am knocking it out too. If it is not convenient or on the way to something else, I am simply saying no.