Deeds-in-lieu gain favor with lenders as alternative to foreclosure Short sales have been the hot solution for financially stressed homeowners and their lenders for the last year, but there’s another potent foreclosure alternative that’s about to take center stage: Deeds-in-lieu.

California to offer program to trim underwater mortgages
Lots of people will want to get in on this one: California is going to use federal money to pay down the mortgages of struggling homeowners.

How far underwater do borrowers sink before walking away?
At what point do borrowers who owe more than their homes are worth decide to stop paying the mortgage?

Fannie Mae gets tough on homeowners who walk away
Taking aim at homeowners who are able to pay their mortgage but decide it’s not worth it, Fannie Mae plans to go after them in court and to limit their access to home loans for seven years.

Related Posts: Why hire outside help to walk away from your mortgage 
Politics, scandal and short pays
Are they walking, are they running, or are homeowners simply not paying