I offered a deed in lieu to my bank when I knew bankruptcy was inevitable. I offered to be out of the home by the end of March and, in exchange, the bank wouldn't file a foreclosure action against me, putting my name into the easily searchable and heavily used public records system. No deal. I filed for bk, as I told them I had to, they got the relief from stay and started foreclosure.
The foreclosure court set a fairly lengthy briefing schedule and, at this rate, the earliest they can get me out of my home is October 2009. So they sent a letter to the judge *****ing about the long briefing schedule and whining that I don't have an answer anyway, so how about speeding it up?
I wrote to their atty: 1. You're talking about someone losing her home here, so maybe the judge is rightfully giving the person every opportunity to respond before that happens. 2. I OFFERED your clients a way to avoid the costs and time delays of a foreclosure, but their answer was to file the foreclosure. So I'm staying.
Atty wrote back: Uh, I didn't know you offered a deed in lieu. Wanna do one now?
Um, no thanks. What advantage could that possibly give me at this point? Besides saving on home insurance, I suppose. The advantage would be all to the bank. You had your chance and chose foreclosure. No deal. Buh-bye.
Maybe if they sweeten the deal a bit I'd consider it, because frankly I'm moving out of the home early anyway. But they don't have to know that.
The foreclosure court set a fairly lengthy briefing schedule and, at this rate, the earliest they can get me out of my home is October 2009. So they sent a letter to the judge *****ing about the long briefing schedule and whining that I don't have an answer anyway, so how about speeding it up?
I wrote to their atty: 1. You're talking about someone losing her home here, so maybe the judge is rightfully giving the person every opportunity to respond before that happens. 2. I OFFERED your clients a way to avoid the costs and time delays of a foreclosure, but their answer was to file the foreclosure. So I'm staying.
Atty wrote back: Uh, I didn't know you offered a deed in lieu. Wanna do one now?
Um, no thanks. What advantage could that possibly give me at this point? Besides saving on home insurance, I suppose. The advantage would be all to the bank. You had your chance and chose foreclosure. No deal. Buh-bye.
Maybe if they sweeten the deal a bit I'd consider it, because frankly I'm moving out of the home early anyway. But they don't have to know that.
Comment