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Borrower in Hospice care

    • 9 years, 8 months ago LukeP1
      Member

      I just found out (was told by mother, still need to confirm) that the borrower on a NPL has stage 4 cancer and is in hospice care. Any suggestions on how to handle the situation?

       

      Thanks

      Luke

    • 9 years, 8 months ago Janet Kuehn
      Participant

      As tragic as this is, it may be a blessing to the family if you were to offer cash for a deed in lieu. This may help with final expenses, moving, and take a problem off their hands.

      I would check for liens first.  Make sure that DIL is a better option than foreclosure.

      Foreclose if you need to eliminate liens.

      Just a thought.

       

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