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New Albany Links : Real Estate Advice

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Activity 2
Thu Jan 13, 2011
James Deskins answered:
I would try to do a "deed in lieu of foreclosure" first. This means you basically sign over the property to the bank and walk away, assuming Wells Fargo would agree. Then I would try a short-sale. If neither of those fly that's when you might opt for foreclosure. Foreclosure is going to be a lot worse on your credit so I wouldn't do that unless it's your last and only option.

Good luck.

Jim
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Sat May 11, 2013
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