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Is there a way to get paid for a deed in lieu?

Posted by David Price on February 16, 2012 at 9:10am in Short Sale Discussions

i have a short sale with PNC,  and of course after 9 months of feathering the price down from 240 to 125 where we got a cash offer at $120. And of course now they say they will only take $160,000. in the same breath of air he says that he is going to contact the seller to do a deed in lieu. I hate getting left out in the cold. Has anyone ever got paid when the seller does a deed in lieu??

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Replies

  • Kevin - Greenville, SC February 19, 2012 at 2:20pm

    I would touch getting paid for a DIL with a ten foot pole.  I don't want the question coming back how hard did I fight for my client when I was getting paid either way?

  • Jeff Payne February 17, 2012 at 7:03am
    There are a few lenders who claim they will pay for a DIL but I will believe it when I see it
  • Joseph Alfe February 16, 2012 at 5:44pm

    no, because you are not a party to the DIL

This reply was deleted.
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