Georgia Bankruptcy Law Network

Georgia Bankruptcy Law Network

Bankruptcy Questions Answered by Georgia Bankruptcy Law Professionals

Tag Archives: Income Taxes

Foreclosure Alternatives: Deed In Lieu Of Foreclosure

One of the alternatives to foreclosure is a “deed in lieu of foreclosure.”  Simply stated, this means that rather than making the lender go through the foreclosure process, the home owner agrees to execute a deed for the property transferring it to the lender.  In turn, the lender agrees to accept the deed (and transfer… Continue Reading

“Strategic Default” – A Popular, But Meaningless, Buzzword?

A term that has become popular in the real estate crisis of the last few years is “strategic default” (or “strategic foreclosure“).  The theory behind the term is that the borrower is defaulting on a loan because of a financial “strategy” rather than an inability to pay.  With the decline in housing prices many people… Continue Reading