The last choice lacking foreclosures is for the latest borrower so you’re able to willingly convey possessions rights for the bank/servicer
According to the assignment system, FHA will pay complete insurance states loan providers/servicers and you will becomes the investor from inside the and you will servicer of your finance
This is an old method and you may, since it involves the resident finalizing over the deed to your possessions, is called a deed when you look at the-lieu-of-property foreclosure, or a deed-in-lieu. Leer más