ORLANDO, FLORIDA, DEED IN LIEU LAWYER

Deed in Lieu of Foreclosure

A deed in lieu of foreclosure is a way to return the home back to the lender. It is a deed in which a debtor conveys all interest in a real property to the lender. Advantages include a quick and less expensive resolution to a full foreclosure action. The affects to your credit score may be the same as a short sale, but still less than a foreclosure.

Typically your Mortgage Company will require that your home be been listed with a Real Estate Agent for at least 30 days. Since a short sale may be more advantageous to the lender, this is typically required first to see if the home can be sold. Once the home has not sold for a certain determined period of time, and if there are no other liens on the property, a lender may approve this transaction and terminate a foreclosure action. Some Companies may also require that the property be vacant, an interior appraisal of the property and a minimum of 60 days prior to a Foreclosure sale.

Consultation or general questions:

Call (407)850-8880 or fill out our contact form to set up a consultation with an experienced Florida Deed in Lieu attorney or to ask general questions.