Orlando Deed in Lieu Attorney
Secure a Deed in Lieu of Foreclosure in Florida
Are you facing a foreclosure on your property? You should speak with our attorneys right away to see if a deed in lieu of foreclosure is a viable alternative to foreclosure.
Mr. Haynes has handled thousands of foreclosure cases on behalf of our clients, and we make ourselves available to our clients because we understand how much is on the line when you are in danger of defaulting on your loan and potentially losing your home. Trust us to find the best possible solution to your foreclosure dilemma.
How Does a Deed in Lieu of Foreclosure Work in Florida?
A deed in lieu of foreclosure in Florida is when a homeowner transfers ownership of their property voluntarily to the lender to satisfy the mortgage debt.
Standing by You During the Deed in Lieu Process
As you might imagine, this process is complicated and having a dedicated foreclosure attorney to help can save you considerable time and relieve you of the anxiety of completing any part of it incorrectly. If you are in danger of having your home foreclosed upon, you need to reach out to our foreclosure defense attorneys as soon as you can to see if a deed in lieu is right for you.
What is a Deed in Lieu of Foreclosure in Florida?
Typically, a deed in lieu of foreclosure is a transaction that is mutually consented to by you and your mortgage lender. Ideally, after you have complied with the lender's requirements and after they have had time to evaluate and deliberate your circumstances, they will agree to take back the piece of real estate instead of suing you or foreclosing to get the property title.
This will often fulfill the debt from the mortgage after the property is handed over, if not you may be liable for the deficiency. Although this might sound straightforward, the process can be significantly more complicated.
For example, the lender reserves the right to seek a deficiency judgment against the homeowner or borrower. Additionally, the lender has the right to come after you for unpaid debt, unless otherwise stipulated in your Deed in Lieu of Foreclosure agreement.
Find out if a deed in lieu is the right foreclosure alternative for you. Call our Longwood foreclosure attorneys will help you with every step of the Florida home foreclosure process.
Eligibility for Deed in Lieu of Foreclosure
Qualifying for a deed in lieu of foreclosure agreement is not an easy process. Before the lender will even consider this option, you must meet specific criteria.
These criteria include the following:
- You must have suffered the loss of your job, significant illness, divorce or another hardship.
- The property in question must be your "homestead", not an abandoned or investment property.
- You must have actively explored and exhausted all other options and financial resources available to you.
- The property in question must have been on the market between 90 and 180 days.
- The property must not have any other liens.
- The property must be in good condition; you may have to provide inventory and a statement of condition.
Our Clients Share Their Stories
At Haynes Law Group, your satisfaction is our priority! See for yourself what our clients have to say about working with us.
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When it seemed hopeless, Lawyer Benjamin Haynes fought and won a $92,873.91 foreclosure surplus for our family! We approached Mr. Haynes after the foreclosure sale on our property. There was a surplus of around $93,000.00 and a second mortgage of around $170,000.00. Therefore, we thought we had no chance to collect the surplus since there was a second mortgage which takes priority over our claim, per Florida law. However, Mr. Haynes took our foreclosure surplus case and started digging very deep! Through Mr. Haynes’ extensive research, he came up with an argument and won in court! The bank didn't know what hit them! We won nearly a $93,000.00 surplus. We received the check in full the next week from the court! If you have a surplus case, you NEED to contact and hire the law firm of Haynes & de Paz. Mr. Haynes will not give up and will work to win you the surplus funds! Now, my wife and I are able to put a down payment on another property. Thank you Mr. Haynes and the law firm Haynes & de Paz!!!!!T.Y.
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I was introduced Attorney Benjamin Haynes via a mutual acquaintance because I was in the middle of a trademarking process with another firm and it wasn't going well. Upon review of my application, Mr. Haynes immediately spotted some problem areas. Within a matter of weeks, he had everything resolved and approved by the USPTO. I can highly recommend this firm.L.H.
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I came to Benjamin Haynes at a time when I had very little options regarding my foreclosure. He was very confident in what we would be able to do and it was the biggest relief to turn things over to him and let him handle things from that point on. His assistant Ashley was also very helpful in the sense that she would get back to me when she said that she would and I always knew my messages were getting to Mr. Haynes. I personally do not plan on going through this again; however, if I know someone else who is, I would definitely recommend Benjamin Haynes for their case.K.D.
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If you are in need of foreclosure defense, look no further. Ben was on top of everything and his communication between myself and the bank was stellar. He discussed strategies with me and counseled me towards the possible outcomes of each strategy. Before I hired Ben to represent me, I was lost, confused, and a little bit scared of the banks. Now, I've got a lawyer for life and peace of mind to go along with it.D.L.W.
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Haynes and De Paz is an extremely talented and results driven law firm! Attorney Benjamin Haynes literally had less than 24 hours to represent us in a foreclosure lawsuit. With their legal representation, we were able to secure a loan modification featuring a much lower interest rate and effectively suspend a previously scheduled foreclosure sale on our home. In less than three weeks from receiving final judgment against us by the courts, we now have a new beginning and renewed relationship with our lender in the home that we still love!B.G. &T.G.
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