Deed in Lieu of Foreclosure Attorney

Are you facing foreclosure, and unsure what your options are? Working with an experienced real estate attorney can help you secure a resolution that promotes your best interests. While it may be too late to avoid losing your home, you may still be able to escape the severely adverse financial consequences of a foreclosure. A deed in lieu of foreclosure may be the best option for you.

When you choose to pursue a deed in lieu of foreclosure, the deed to your house will be given back to the lender in order to avoid the foreclosure of your home. In order to qualify for this relief, you must meet your lending institution’s own eligibility criteria. In this agreement, you will surrender the title to your house to the mortgage company in exchange for the cancellation of the attached mortgage.

At Klein Law Group, our experienced real estate attorneys can help evaluate your situation and find the best solution for you. We have experience in deed in lieu of foreclosure, “forced deed” in lieu of foreclosure, and other approaches to foreclosure defense.

Contact Us

If you are facing the foreclosure of your home, it is important for you to understand your options. Contact the attorneys of Klein Law Group at (561) 353-2800 to learn more from a compassionate and dedicated lawyer.

Florida Deed in Lieu of Foreclosure FAQs

If you are interested in a deed in lieu of foreclosure arrangement, you must establish your eligibility with your mortgage lender. Different lenders may have different eligibility requirements, but in general, you may be eligible if:

– You are more than 31 days behind in your mortgage payments

– You are facing a hardship such as illness, divorce, or job loss

– You have unsuccessfully tried other options, such as mortgage modification, short sale, and debt consolidation. For many people, a deed in lieu of foreclosure may be an effective way to avoid the financial and emotional strains of foreclosure.