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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We contacted Haynes & De Paz as we quickly realized we required assistance obtaining surplus funds from a foreclosure sale. Being from Canada and having an extra messy case with numerous parties involved - the process was extra confusing and we did not know the best way to go about this. We initially thought it would be a simple procedure in that once the sale occurred and once there was confirmation that there were in fact surplus funds - we'd fill out a basic template form to obtain those funds. We couldn't have been more wrong but this is a common misconception. After an attempt to contact the court with no response, we quickly realized we needed the help from an expert. We located Mr. Benjamin Haynes at Haynes & De Paz but had concerns being that he was located in a different county in FL than the court was in... Mr. Haynes didn't even bat an eye. I filled out a form online requesting information and within minutes he called me personally. The entire procedure including the Motion took less than two weeks and I can't believe how efficient he was. He and his assistant, Ashlee are remarkable at communicating with you and updating you every step of the way. The legal fees are reasonable and well worth it. This turned a nightmare into a dream. I highly recommend Mr. Haynes to assist in your surplus funds case... my review is just one of the many that can vouch for his remarkable professionalism and services. You honestly won't regret it.J.D.
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After going through several unresponsive and hard-to-work-with attorneys, we found Haynes Law Group. Ben Haynes and his team were helpful from the first consult, arriving prepared with a plan. The team was extremely responsive and professional throughout the process. They answered all our questions and ensured we felt comfortable and informed. I would give them 10 stars if I could and highly, highly recommend!Jessica 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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Ben, I want to thank you and your law firm for ease and comfort that I felt throughout my entire case. I felt at ease when I sat down with you. Everything was made simple for me to understand; I felt relief at last. The best part was that when I left your office I was no longer worried. So I could say more but the best thing I can say is thank you for the truth. You are what you say you are and that's hard to find nowadays. Everything has been taken care of, no question. So thank you so much. I will be using your firm when and if I need you.F.B.
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We had given up hope of saving our home from foreclosure when a friend recommended the law firm of Haynes & DePaz. What a blessing. With personal help and encouragement, Mr. Haynes and his staff guided us through the case. They were quick to respond to email messages and phone calls. And best of all - Success! We now have a mortgage we can live within the home where our children were born and grew up. Exactly where we want to be! Haynes & de Paz saved our family home and we are forever grateful!B.G.
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