Jacksonville Deed in Lieu Attorney
What is a deed in lieu?
A deed in lieu of foreclosure is an option that may be advisable for you if you are unable to continue making your monthly mortgage payments and want to avoid the damage to your credit rating that comes with a foreclosure. In a deed in lieu of foreclosure proceeding, the borrower turns the home's deed over the lender in order to prevent the lender from beginning the foreclosure process. While you will have to move out of your home, the benefits of a deed in lieu can be substantial, especially if you want to preserve your credit rating in order to buy another home in the future. If you are failing to make your monthly mortgage payment and think a deed in lieu may be a viable option for you, contact a Jacksonville bankruptcy attorney from our firm today to discuss your options.
A deed in lieu offers many benefits to borrowers who are struggling with their loan payment, including:
- Relieving the borrower of their home debt
- Preventing the borrower from having a judgment against them
- Minimizing damage to the borrower's credit score
However, a deed in lieu may not be that advantageous for your lender, and therefore it is essential that you hire an experienced attorney to negotiate with your lender on your behalf in order to convince them that a deed in lieu is something they should consider. Your lender does not have to agree to a deed in lieu, but they will come to the table to discuss options if you have an experienced attorney representing you who understands your situation and can fight on your behalf with your lender.
Deed in Lieu Lawyer in Jacksonville
When pursuing a deed in lieu, an attorney from The Law Offices of Robert Peters P.A. will be with you every step of the way, to make sure you understand the deed in lieu process and to ensure that when the process is completed you will be discharged of all debt from your mortgage. We have 19 years of experience serving our clients in Jacksonville and we are prepared to help you with all of your financial needs, such as bankruptcy and credit restoration.
Contact a Jacksonville deed in lieu lawyer from our firm today if you are considering a deed in lieu as an alternative to foreclosure.