T
thebuffettour
Guest
...the catch? We are thinking about Chapter 7 bankruptcy and our mortgage company told us about this DIL (Deed In-Lue of forclosure) program they have where we basically sign the deed back to them and they waive trying to get any shortages from us when they sell. They say this also keeps us from having a foreclosure on our credit report. None of this really matter because of filing backruptcy, but it just seems too good to be true so what is the catch?
I know some mortgage companies are even paying people to vacate houses early that are in foreclosure in order to keep there from being damage done to it. Is this the same type of idea this mortgage company has?
I know some mortgage companies are even paying people to vacate houses early that are in foreclosure in order to keep there from being damage done to it. Is this the same type of idea this mortgage company has?