Is there a way you can sell your home to a bank for your current loan amount with out being in foreclosure?
Question:
Answer:
You can contact your bank and ask about a "Deed in Lieu of Foreclosure", and depending on your situation and how far behind you are, may elect to accept this.
Basically what you are doing is signing over title to the property to the bank and saving them all the legal costs and time involved.
Talk to a mortgage broker about a short sale. That way the property will not foreclosed on. You should have a realtor involved as well.
Hope this helps...
Then why don't you just list it with a For Sale Buy owner type of site and ask what you owe? (Plus the 1,000 fee for the company) People will jump on a good deal. By the way... where do you live? I need a house, lol. I have never heard of selling to a bank, but thats not to say people somehow dont.
Refi it with a Reverse Mortgage... The bank will pay you every month.. But there are pitfalls with this be careful!
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