Deed in Lieu or Short Sale
Actually, the lender would rather do a short sale than a Deed in Lieu. With a DIL they do get the property back faster but would rather not have to go through marketing and selling the property. They would rather get it off the books and close out the file. Be sure if a DIL is the route you are going that you try to get cash for the keys. If the house is left clean many lenders will give you one to three thousand dollars.
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