So, I called the bank....

Well, it has been over a month and I finally called the banks. I was thinking that IF we could get a deed-in-lieu (DIL), that it might be beneficial to our situation. We have been denied so many other things in the past, but I thought maybe now that we are late, they might consider a deed-in-lieu.

So, after getting a call through to the bank, I finally got a woman (name to be withheld, for now) on the line. This took several minutes and many transfers to actually get a real person. You would think that since we are so late that someone would be on the phone immediately wanting to talk to us = not the case. Needless to say, I talked to her about the DIL option. She stated that since we had a second loan I personally had to call the people of the second loan and ask them to "release the loan" before they would consider a DIL.....Are you kidding me?? O.K., at this point I knew it was a joke but I thought I would give it a try. I called the second loan people, after many transfers and time on the phone, I finally got the DIL office. Guess what, it was an answering machine. I left our info and still haven't gotten a call back from that department. I am happy to note that it was recorded in our “records” that I did request a DIL.

I am not even sure if a DIL is an option. My understanding is that they are very hard to come by. Also, the DIL that we would accept would have to forgive all deficiencies - not sure the banks would offer that.

The only thing that I learned from this experience is that it wasn't even worth my time to place these calls. Once again, the banks proved that they could give two craps about us or our situation.
On a happier note……Had a great day at the free Home Depot clinic with the girls