Updated almost 11 years ago on . Most recent reply
Deed in Lieu
Would and Investor (institutional or otherwise) turn down a HAFA deed in lieu?
All comments are welcome.
Thanks!
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
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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?