Valued Contributor
Posts: 1,063
Registered: ‎05-26-2010
Re: Died in Lieu after Chapter 7 BK

So based on other threads I've seen, you can't unilaterally deliver a deed-in-lieu to a mortgage company that is dragging its feet.  If the mortgage company will accept the deed-in-lieu you're correct, it could bring your torture to an end.


They should not be able to report another derogatory after the discharge date of your BK, but there's another set of systems mortgage lenders may be able to access.  A deed-in-lieu is considered the same as a foreclosure, and the clock doesn't start on your ability to get another mortgage until the deed is taken out of your name.



BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
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