Deed in Lieu of Foreclosure
If your house is in danger of being foreclosed, you may qualify for a deed in lieu of foreclosure. This allows a homeowner to give back the title of their property to the bank or lender. In doing so, you avoid the foreclosure process, because the bank or lender now literally owns the property.
While this foreclosure alternative does not allow you to remain in your home, it helps you avoid the negative consequences of a foreclosure, one of which can be severely impacted credit. If you are experiencing financial hardship and you are unable to make your mortgage payments, contact Engel Law Firm today.
Many homeowners who default on their mortgages automatically assume that the loss of their home is inevitable, but with alternatives such as a deed in lieu of foreclosure, this does not necessarily have to be the case.
The Engel Law Firm understands the situation you’re in, and we want to provide you with alternatives that work. We will work to return you to financial solvency and we won’t stop working until we’ve reached that goal.
Contact Engel Law Firm if you are in danger of a home foreclosure and require information regarding a deed in lieu.