Another alternative to foreclosure is called Deed in Lieu of Foreclosure (DIL). DIL means that you voluntarily transfer ownership of your home to your lender, the lender terminates the loan, and the remaining balance due is forgiven.

Deed – This document is used to validate that you are an owner of the property. Intestate Heirs Affidavit – This document can be used to establish who the legal heirs are, in cases where there is no will. It should provide the property description and who gains ownership.

If you want to transfer ownership of your property into a Trust or to your spouse/children, you’ll need to notify Mr. Cooper and provide one or more of the following documents: Deed – This document is used to validate that you are an owner of the property.

Deed – This document is used to validate that you are an owner of the property. Intestate Heirs Affidavit – This document can be used to establish who the legal heirs are, in cases where there is no will. It should provide the property description and who gains ownership.

a copy of your Closing Disclosure; and. proof of funds for your closing costs, or in some cases a money order addressed properly. During the meeting, you’ll sign all the mortgage closing documents related to the home sale, including the mortgage note and home deed. These documents ...

There are 2 ways to remove a spouse’s name from the mortgage: Release of liability – You can ask your lender for a release of liability. This is a document that releases a borrower from their obligation to pay back the loan. The spouse remaining on the mortgage needs to qualify for t...

As a buyer, you only pay for the portion of the tax period that you own the home. So, if your new loan starts December 1st, you’ll typically only owe for only that month and the previous owner will pay 11 months’ worth of taxes at closing. You could qualify for a Real Estate Tax Exem...

Deed – This document is used to validate that you are an owner of the property. Intestate Heirs Affidavit – This document can be used to establish who the legal heirs are, in cases where there is no will. It should provide the property description and who gains ownership.

The escrow shortage is the amount needed to ensure the escrow account is fully funded in the upcoming year per the requirements under the loan documents, as well as state/federal law. Note: As your property taxes and insurance premiums increase each year, the amount needed to fund yo...

Short Sale Information. If there isn’t a financially feasible way for you to keep your home, a short sale is an option that can give you a fresh start and avoid the foreclosure process. A short sale can allow you to sell your home for less than you owe on the mortgage, pending invest...