Question:

My home is set for auction in 5 days. Can I still do a deed in lieu?

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I tried to short sell my home. Countrywide agreed to an offer I had but the mortgage insurance company blocked the sale because they wanted a promissory note and we didnt agree because it was too much. Now the home is set for auction in 5 days. Should I just let the auction go through and leave the home or should I just hand over the keys before then and do a deed in lieu? Actually can i still do that?

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  1. No, too late, the paperwork to get CW to approve that will never go through in time.     The time for that was months ago, not now.

    Time to pack up your things now.

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