A Deed in Lieu of Foreclosure is also known as a “friendly” foreclosure and is the process of voluntarily handing over a home to a lender instead of letting them take it by force through a standard Foreclosure. A person would choose a Deed in Lieu because it looks better on a credit report than a normal Foreclosure.
Our experienced team of attorneys and professional loss mitigators has the experience to get a Deed in Lieu of Foreclosure accepted. The challenge involved in this process is to convince the lender to take the property because bank and mortgage corporations want money, not property.
Contact us today if you are facing certain Foreclosure and a Deed in Lieu would be a good option for you. You may still be able to avoid Foreclosure and we can help you do this as well.
Contact Us Today to get started with this service or for a free consultation to go over more options.