What Is a Deed in Lieu?

Obtaining a Deed in Lieu

Lake County Attorney

A deed in lieu of foreclosure is a tactic used by lenders that allows you to give the ownership of your property back without the bank being required to go through with the court-involved foreclosure process. Unfortunately, many homeowners do not understand the fine print of the deed in lieu they are offered, and can fall prey to scams by their lenders.

If you are overwhelmed by debt and unable to make your mortgage payments, I can help. I am Merideth Nagel, a Clermont, Florida, attorney dedicated to helping my clients protect their financial and property interests. As your attorney in Clermont for deed in lieu, I can assess your income, assets and debts and give you the information you need to successfully protect your interests. I will negotiate with a bank representative on your behalf and help you navigate the process with a clear understanding of your rights and obligations.

  • A deed in lieu is NOT a free foreclosure.
  • Know your rights and obligations before signing.
  • Oral promises are not relevant, so make sure you understand what you are signing.
  • Just because you can keep your home, does not always mean you are in a better position.
  • A bank may sell off your note, getting a right to a deficiency judgment.
  • You may be able to obtain a loan modification or short sale without giving up the title.
Do Not Sign Away Your Rights Without Consulting an Attorney

If you have been offered a deed in lieu or you are considering loan modification or another debt relief option, it is important to consult with an experienced attorney who can protect your rights. If you do decide to take a deed in lieu, you want to know exactly what rights you are losing and what obligations you may have in the future.

Contact a Deed in Lieu and Short Sale Defense Lawyer Today

As your attorney, I will never stop fighting to protect what is most important to you. To schedule an initial consultation with a Lake County Attorney for avoiding foreclosure, call 352-394-7408 or fill out a short contact form today. We want to understand your concerns and provide the help you need immediately.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Serving West Orange County, Lake County, Sumter County & Marion County

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