The Obama administration plans to announce Thursday new guidelines designed to help struggling homeowners with Federal Housing Administration-insured mortgages.
After an unsucessful attempt to short sale your property, we can arrange for you to simply give the property back to the lender and walk away not owing anything. Most financial institution will only accept a Deed in Leiu after you have attempted unsucessfully to sale the property. This is not as damaging to your credit as a foreclosure.
See Short Sale section for more information on how to proceed.
