Deed in Lieu of Foreclosure

deed-in-lieu-of-forclosureIf you are unable to pay your mortgage and you are facing foreclosure on your home, it is easy to feel overwhelmed and helpless. There are options available to you so you can avoid foreclosure, including giving a deed to your lender in lieu of foreclosure.

At Volman Law, we understand how difficult it can be to lose your home. However, giving your property to your lender can save you from going through foreclosure, lessen the impact on your credit score and give you the fresh start you need to move forward with your life.

To learn more about your foreclosure options, contact a Connecticut deed in lieu of foreclosure attorney at Volman Law for a free initial consultation.

Do I Qualify for a Deed in Lieu of Foreclosure?

A deed in lieu of foreclosure allows you to give your property to your lender, avoid foreclosure and clear your debt. There are certain requirements in order to get a deed in lieu of foreclosure:

  • No other liens on your property: There cannot be a second mortgage, tax lien, judgment lien or other lien attached to your property. In order to qualify, you must have only one mortgage on your property.
  • You must apply for the deed in lieu of foreclosure: You will need to contact your lender to obtain an application for a deed in lieu of foreclosure. We can help you complete the application and prepare the closing documents for the property transfer.
  • You will need to submit your financial information: Similar to a short sale, you must submit you financial information to the bank in order to qualify, including expenses, income, debts and assets.

Act Quickly Before Foreclosure

If you have received a foreclosure notice from your lender, it is important seek advice as soon as possible from a Connecticut deed in lieu of foreclosure attorney at our firm. We can help you get the time you need to qualify for the deed in lieu of foreclosure. We can negotiate with your lender and help you explore all of your debt relief options, including bankruptcy, mortgage modification and short sales.

Speak With a Bridgeport, New Haven Connecticut Stop Foreclosure Lawyer

At our firm, we can help you avoid foreclosure and get your finances back on track.  Contact a Connecticut deed in lieu of foreclosure attorney online or call (203) 929-7771 to schedule a free initial consultation.

Get your questions answered - call me for your free, 20 min phone consultation (203) 929-7771