Is A Deed in Lieu of Foreclosure An Option?
Although you may receive a letter from the mortgage company offering a deed in lieu of foreclosure, we normally do not recommend it as it provides very little benefit for our clients. There are very few circumstances where we might recommend it.
Deed in Lieu of Foreclosure Vs. Short Sale
We are prepared to bring more than 35 years of bankruptcy law and real estate experience to help you determine whether or not a deed in lieu of foreclosure is right for your unique circumstances. We may also be able to help you pursue a short sale. We normally do not recommend short sales except in very few limited scenarios.
It is also important to realize that if a property has liens on it, it may be difficult or impossible to pursue this method. Regardless of your situation, at Oliver & Legg, we will bring our experience to help you arrive at financial freedom in the best possible way.