Deed in lieu of foreclosure (also known as a Bargain and Sale Deed) and short sale are both alternatives to foreclosure.They are very similar, and their differences depend on the details of the situation. They are attractive solutions because they do not hurt the borrower’s credit as much as foreclosure would.

A Florida Court’s ‘Rocket Docket’ Blasts Through Foreclosure Cases 2 Questions, 15 Seconds, 45 Days to Get Out; ‘What’s to Talk About?’ Says a Judge

He tried to send something extra each month, but no. “rocket dockets.” The state cleared 250,000 cases that year. When that money ran out, the “rocket dockets” went away. In the first three months.

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Maryland Foreclosure Cases filed in Maryland. Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia.

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For this reason, it’s usually not worth doing a deed in lieu unless the lender agrees to forgive or reduce the deficiency, you get some cash as part of the deal, or you get some extra time to live in the home (longer than what you’d get if you let the foreclosure go through). In some cases, the lender will agree to one or more of these.

The foreclosure auction took away your rights to the property. Once the property sells, you must find alternative housing for you and your family. Even though the property sold, the new owner cannot kick you out on the streets. He must follow all legal steps to remove you. Use this time to secure a new rental unit.