Looking for an Alternative to Foreclosure

Really? Not a short sale? Not a foreclosure? It's called a " Deed in Lieu of Foreclosure" which actually lets a homeowner voluntarily turn over the deed to their house to the lender! This is not a new concept, however, neither is foreclosure, but this crazy real estate market we are living in now requires that you cover all you bases before making a final decision on how to get out from under your mortgage. Even though the federal government launched some new rules earlier this month concerning short sales, some homeowners might not quality for a short sale because they have no hardship. Could this be you? Read on please....<!--more--> Read more to learn about this option.