Bradenton Deed in Lieu Attorney

(941)-306-3601

Deed in Lieu of Foreclosure

A deed in lieu of foreclosure is basically exactly what it sounds like. You give the deed, the bank doesn't foreclose. It is sort of like surrendering to the bank in order to immediately end your obligations. In some cases you may be able to get the bank to agree to "cash for keys". In this instance the bank will offer a payment when the house is vacated by a certain date and in good condition.. Other benefits include:

  • Any current foreclosure proceedings are ended
  • You will be able to purchase another home in the future
  • A deed in lieu on your credit report is better than a foreclosure

Another important consideration is whether the bank will be able to pursue you for a deficiency judgment, or the balance still owed after the sale proceeds are applied to the loan. Your attorney should make sure this does not happen.

Before a lender agrees to a deed in lieu, you will be required to put your house up for sale through a real estate agent for a minimum of 30 days. A Deed in Lieu can be difficult or impossible if there are other liens. David Holland, an experienced debt defense attorney can explain the deed in lieu procedures in more detail and represent you in discussions with your lender.

Sarasota and Manatee Deed in Lieu Attorney

Deciding what to do when you are behind on your monthly payments and can no longer meet your financial obligations often requires the help of a legal professional. Our office has many years of experience assisting people in debt, and can explain all of your foreclosure and debt relief alternatives. We have helped clients with a deed in lieu, as well as loan modification and bankruptcy.

Every situation is unique and should be thoroughly reviewed and all your options explored before any final decisions are made. Our firm offers a free consultation where you can receive legal advice regarding your situation. Contact the Holland Law Group for legal counsel and representation if you are in financial trouble and behind on your mortgage.

Don't delay another day, click here to schedule a free consultation or call us today @ 941-306-3601

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Holland Law Group has helped thousands of individuals and families gain a fresh start. Not only do we provide personal attention to get you through this time, we also offer support and credit repair once your case is completed. To get started, we provide a no- obligation and completely free phone or office consultation. Let’s work together to get you on the path to financial freedom. Start Now

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At Holland Law we focus on Consumer Bankruptcy and Debt Defense. We proudly serve Sarasota, Manatee and Charlotte Counties and expanding to serve all of Central and South Florida, from coast-to-coast. We offer free phone or in-office consultations in Bradenton, Sarasota, Lakewood Ranch, Port Charlotte and across the Central and South Florida region. Contact us through the form on this page or call us at (941)-306-3601 to speak with an experienced bankruptcy and debt defense attorney today. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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