Deed in Lieu Lawyer in Ft. Lauderdale
Short sale: When you are trying to avoid foreclosure on your home, you have the option of a short sale. This is when you sell your home for less than the balance owed to your lender in order to pay the lender that amount to settle your debt. However, it is extremely important that a settlement is specified. In some cases, you will still owe the bank or lender even after you have sold your property in order to pay down some of the debt.
If you want to prevent foreclosure appearing on your credit record, you can attempt negotiations with the lender in order to achieve some type of settlement. Fortunately for homeowners who find themselves in this position, lenders are becoming more and more open to short sales because of the current real estate market and mortgage crisis occurring in the United States. With the help of a Ft. Lauderdale short sale attorney at Tiller Law, you can possibly avoid foreclosure and settle on the balance of your loan. This is often the best option for individuals whose property has drastically decreased in value over the years.
If you have questions about whether you should initiate a short sale to avoid foreclosure, you can get sound advice from a Tiller Law attorney. Contact us to get your questions answered.
Deed in Lieu: If you have a loan that is in default, you have the option to give a deed in lieu of foreclosure. Foreclosure is never a desirable option for the lender or the property owner. A “deed in lieu” will result in the borrower turning the property over to the lender in order to settle a loan.
You and the lender will come to an agreement and you will sign the deed to your property over to the lender. Sometimes the lender will agree to take the property and sell it, but you might still be held accountable for the remainder of your debt. If you want to ensure that your deed in lieu procedure does not violate your legal rights, you should always consult with an experienced Florida deed in lieu attorney. Tiller Law has the experience in foreclosure defense and deeds in lieu that you need.
Defending you against foreclosure:
Your short sale/deed in lieu attorney at Tiller Law will work tirelessly on your behalf to help you through this difficult time. With the help of your lawyer, you could come to a satisfying resolution to your Florida mortgage issue.
Contact a Ft. Lauderdale Short Sale/Deed in Lieu Attorney
at Tiller Law to discuss your foreclosure defense today!