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thomdale, Home Owner in Wichita, KS

Can I receive monetary assistance for moving under the Deed-in-Lieu program?

Asked by thomdale, Wichita, KS Sat Jun 28, 2014

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Each bank has different guidelines whether they will or will not offer incentives. You should really try a short sale before a deed in lieu. If you are at your last straw, then deed of lieu is better than a foreclosure, but a short sale is better than a deed in lieu as you can negotiate more of the terms. Make sure you are speaking with home retention and not the collection department,
0 votes Thank Flag Link Sun Jun 29, 2014
I would suggest you contact the people at http://www.makinghomeaffordable.gov. I know you can get assistance under certain programs if you do a short sale, I am not sure about deed in lieu. And I wonder why you are not doing a short sale. Do yourself a favor, call the counselors at HUD and make sure you are choosing the right program for your particular situation.
0 votes Thank Flag Link Sun Jun 29, 2014
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