In some cases a short sale or a modification may not be possible, and foreclosure may seem like the only option. However, this is NOT the end of the road. What most lenders do not tell you is that certain mortgage types (Fannie Mae, and Freddie Mac for example) will allow you to surrender your home/deed; this is known as “Deed in Lieu of Foreclosure”.
They also won’t tell you that in some cases they will offer up to $5,000.00 in relocation assistance to help you move! This is just another option that is available to you if you qualify.
Again, a representative from the Realestate Recovery Group will help you determine if this option is right for you. We will only advise you to take advantage of this if it is the only possible resolution to your situation.