Deed in Lieu in San Diego
Deed in Lieu vs. Alternatives
A deed in lieu of foreclosure involves the homeowner voluntarily signing
over the deed to the property to the lender. This can be of benefit to
It saves the lender the trouble and expense of pursuing
- It saves the homeowner from a foreclosure and its public listing.
In some cases, homeowners pursue a deed in lieu of foreclosure in order
to avoid having to file for
bankruptcy. Each individual situation, however, differs as to which approach would
carry the most liability or be most beneficial. A
short sale is another possible option along with deed in lieu, foreclosure, and even
bankruptcy. If you are in the situation where you need to take drastic
action to recover from a mortgage you can no longer service, a San Diego
bankruptcy lawyer can help. An attorney can provide invaluable and impartial
advice as to what options you have available and how each would relate
to your particular circumstances.
Call (888) 875-9190 today
consultation, free of charge.
Contact Our San Diego Debt Relief Lawyer
At San Diego Legal Pros, we will address your case energetically and grant
it the importance it deserves. We understand this can be a very stressful
situation for you and it is not only a financial transaction but a process
which will have a significant impact on your life. We can review how a
deed in lieu would benefit you, as well as your exposure to a deficiency
balance, the tax implications, and the effect on your credit. If we determine
that a deed in lieu is your best option, we can help to negotiate with
your lender and see that the deal is structured and the paperwork is completed
so as to protect your rights.
Contact a San Diego debt relief attorney
if you are
considering or wish to pursue a deed in lieu.