Deed in Lieu of Foreclosure or Deed in Lieu
September 14, 2009 by Pete Mitchell
Filed under All Posts, Foreclosure Scams
A Deed In Lieu (DIL), which is the term commonly used for Deed In Lieu of Foreclosure, is a home disposition option in which a mortgagor voluntarily deeds collateral property (their home) in exchange for a release from all obligations under the mortgage.
An interesting misconception about a DIL of foreclosure is that many people feel they can just give the home back to the bank at any time, without meeting any qualifying criteria. This is not true.
California Foreclosure Moratorium Scam – Assembly Bill X2 7
September 14, 2009 by Pete Mitchell
Filed under All Posts, Foreclosure Help, Foreclosure Scams
http://SecretsToStopYourForeclosure.com Free Video Reveals The #1 Secret To Stop Foreclosure Now That Your Loan Modification Company Won’t Tell You And Your Bank Is Praying You Won’t Find Out.
FBI Busts Loan Mod Scammers
July 18, 2009 by Pete Mitchell
Filed under All Posts, Foreclosure Busts
It is about time!
The FBI is finally cracking down on these guys who are preying on the housing meltdown victims.
The only way to protect yourself is to get educated. Get my FREE DVD so you can avoid foreclosure.
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