All Forum Posts by: Jon Pate

Paint it. It will hold up fine. I have the exact same look in a 1973 home I own. Painted it two years ago and it looks much better. 

Ok, that sounds much easier. I'll do some research on that! Thank you!

Ok, it looks like this may be the same thing as a "deed in lieu of foreclosure".

Looks like a possible solution as long as there are no additional liens or judgments against the property. 

If we decide to do this, we would get an attorney to draft the documentation. 

In this scenario, lets assume the mortgagee and mortgagor are both in agreement and would like to terminate the existing mortgage agreement (rather than pursue foreclosure). Is this even a feasible solution? I could not find anything related to my question after searching bigger pockets or google, which leads me to believe this may not be possible. 

The situation would be taking place in Birmingham, Alabama. 

Obviously, I am not looking for actual legal advice, just curious if anyone has ever attempted this.