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Can you initiate a deed in lieu of foreclosure before you become late in on your house payments?

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βˆ™ 2011-11-20 17:12:40

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You may be able to initiate it by discussing the situation with the lender and getting it to agree to allow you to give a deed in lieu of a foreclosure. It will be up to the bank and each lender has its own requirements.

2011-11-20 17:12:40
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Q: Can you initiate a deed in lieu of foreclosure before you become late in on your house payments?
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Different places can have various restrictions when it comes to foreclosure. However, in Florida you can miss 3 payments and then the foreclosure will start.


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How many house payments can you miss before it is repossessed?

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Most lenders will try to work with you before the house or property goes in to foreclosure. Most foreclosure proceedings will not begin until 4 or 5 payments are missed on the loan.


Landlord is filing a foreclosure on your mobile home because you are behind on payments how long do you have before moving?

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