New “Deed In Lieu” Program Gets Homeowners Six Months Mortgage Free And $1,000

kindandgentlejd at 03:58 2010-03-01 said:

Even by their own estimates it will only assist 1000 in their test market but they will collect info on 20,000 people. A marketing coup for themselves in that it makes them look like they are helping people meanwhile they are collecting info on 20,000 people to use against them for SARs (Suspicious Activity Reports with www.fincen.gov) for possible mortgage fraud on stated income loans. Deed in lieu is just as bad as a foreclosure. I see no discussion on deficiency in states that have deficiency laws. Permalink