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Updated over 10 years ago on . Most recent reply

User Stats

133
Posts
29
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Ray Mulli
  • Investor
  • Minneapolis, MN
29
Votes |
133
Posts

Deed in Lieu

Ray Mulli
  • Investor
  • Minneapolis, MN
Posted

Would and Investor (institutional or otherwise) turn down a HAFA deed in lieu?

All comments are welcome.

Thanks!

Most Popular Reply

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Are you asking about the Investor, as the mortgagee, or the mortgagor.  If you mean mortgagee, the investor/owner of the loan, then yes there could be a number of reasons.  The borrower/mortgagor has other assets or money available to pay the loan, the mortgagee may not want to waive the deficiency.  What's the goal here?

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