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CASE RESULTS

$995,000

SETTLEMENT

Jacob S.
"Wrongful Foreclosure"

$1.2 MILLION

SAVINGS

Barbara W
"Short Sale"

$248,644

SETTLEMENT

John E.
"Wrongful Foreclosure"

$248,644

DISCHARGE

Peter G.
"BK Discharge"

$877,466

SETTLEMENT

Kavika K.
"Litigation Award"

$561,000

DISCHARGED

Luis A.
"Savings"

$200,000

SETTLEMENT

Masarion .
"Jury Settlement"

$1.4 Million

VERDICT

Amir K.
"Lender Litigation"

$197,212

SETTLEMENT

Albert M.
"Lender Litigation"

$88,000

AWARD

Georgina G.
"Lender Litigation"

FORECLOSURE VIDEO


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Deed In Lieu Los Angeles

Los angeles FORECLOSURE LAWYER




The Deed in Lieu as a Foreclosure Alternative:


A deed in lieu of foreclosure is an alternative to foreclosure that may be an option for those borrowers who do not qualify for a short sale or who cannot fight a foreclosure on legal grounds. A deed in lieu of foreclosure allows you to avoid a foreclosure by voluntarily turning over your deed to the property to your lender. In exchange, your mortgage debt is forgiven. You simply relinquish the property and walk away. No need to go through the foreclosure process, have a foreclosure listed on your credit report, or suffer the credit damage that will follow.

In most cases, you will be able to remain in your home until the agreement is worked out and for a short while thereafter. You may, however, be subject to a deficiency liability should the property eventually sell for less than what is owed as banks in California have the legal right to pursue the balance of the loan from borrowers. Each transaction of this type is different, according to the lender and terms involved, that is why you will need to ensure that you thoroughly understand any repercussions and weigh your options.


Legal Help with a Deed in Lieu:


To get the legal assistance you need to consider this alternative and to move forward, you should consult with an attorney who is experienced in foreclosure defense options. At Foreclosure Attorneys Of California, you can discuss your case with a Los ANgeles foreclosure defense attorney who can assess your situation and determine what the consequences may be. The firm can advise you on the legal factors involved, help you qualify, and complete the process. You may also wish to explore other options that may be more suitable to your needs.

A deed in lieu is often more advantageous to lenders as it reduces the legal costs of foreclosure. It benefits borrowers in that it results in less damaging consequences to credit scores, making it easier to move on.



Contact a Los Angeles foreclosure attorney at the firm for legal assistance with a deed in lieu of foreclosure today.