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Jan 23, 2012 0

Executing a deed in leu of foreclosure

Question/Situation:
We started a new construction, but contractor used all money without finishing. We don’t have funds to finish project. While we have been trying to sell the project, but as of now there are no takers. And on top of that we are deliquent over 1 year.
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Read the news carefully today. You never know what you're gonna get. For recommended reading materials on mortgages and refinance aspects and how to fix your deeds or just plain news on real estate, check out the new york times online. It's a very good source of information.