Home Sale Relief

Everyone wants to get out of foreclosure, stop their house from going to sale, preferably by selling their house or doing a deed in lieu of foreclosure.

A Countrywide deed in lieu of foreclosure would be the best outcome for your Countrywide house assuming you can get them to say “yes.”

This post on Countrywide deed in lieu requirements helps spell out some of the issues with Countrywide.  You are more likely to get them to accept your deed in lieu in a state that uses primarily mortgages rather than deeds of trust. If your state uses judicial foreclosure, deed in lieu would have a greater chance of actually working out.

Rather than deed in lieu of foreclosure, Countrywide prefers a short sale. That’s when you find a buyer and Countrywide accepts the proceeds and lets the mortgage off the property. They take the proceeds from the buyer after paying for closing costs and real estate agent commissions. This pays their loan back in part, which is what they want. They want the mortgage paid. They don’t want your house back. So a Countrywide short sale will be easier than a deed in lieu of foreclosure.

Make sure that you get instant access to my 25 page insider report Keep Your home stop foreclosure, deed in lieu, some very important tips about bankruptcy that you have probably not heard and much more.