We have already filed Chapter 13. We own a rental house with 1st and 2nd mortgages with Bank of America. We would like to do a deed in lieu of foreclosure to be rid of the house (we pay more out on it than we take in).
1) Is Bank of America likely to agree to this?
2) Can the trustee/judge force them to agree?
Your experiences and knowledge would be helpful. We have an appointment next week to discuss with our attorney. Patience is not one of my vitues!
1) Is Bank of America likely to agree to this?
2) Can the trustee/judge force them to agree?
Your experiences and knowledge would be helpful. We have an appointment next week to discuss with our attorney. Patience is not one of my vitues!
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