Deed in Lieu in Contrast With Other Alternatives
A homeowner facing foreclosure often decides, in his own free will, to sign over the deed to the property of the lender. This alternative is referred to as deed in lieu, which can be beneficial to both parties as it spares the lender from the effort and expense in filing for foreclosure and saves the homeowner from a foreclosure and its public listing. Sometimes this alternative also enable homeowners to avoid from filing for bankruptcy instead.
Considering that each individual has a unique financial problem to solve, there are several alternatives proposed to address particular concerns. The choice now depends on what alternative---deed in lieu, short sale, foreclosure or bankruptcy---can give the most benefit and highest convenience.
You must see a Rancho Bernardo bankruptcy attorney for assistance in attaining debt relief. This is true and needed most especially when you are in a financial situation which necessitates immediate response in order to recover from loan agreements that you can no longer pay. A legal professional can provide unprejudiced and helpful advice regarding the available alternatives you and how each would solve your unsteady financial condition.
A Rancho Bernardo Debt Attorney Can Help
At Law Offices Of Pamela Kleinkauf, we will see to it that your concerns should be addressed as immediate and as convenient as possible because we understand that this can be very stressful for you and you yourself do not want to prolong such agony.
It is our duty to verify whether a deed in lieu would contribute to your goal of achieving debt relief. Along with that, we will also review other matters---like deficiency balance and tax implication---relative to your credit records. After which, if we can conclude that a deed in lieu is the optimal option to solve your financial complications, we will assist you with the consequences throughout the proceedings. We can confer with your lender to check if the deal is settled and if the paperwork is completed, for the purpose of protecting your rights and other possessions.
Discuss your case with a Rancho Bernardo debt lawyer if you are considering deed in lieu as an option to settle your indebtedness.