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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I went to Haynes Law Group on short notice, literally the day before my foreclosure case. Attorney Haynes worked with me against all odds. They were very honest as to what should be expected. They worked with us allowing us to make affordable weekly payments. They immediately got the foreclosure process halted, and worked diligently in getting the loan modification WE WANTED with even better terms than expected. Always made themselves available throughout the entire process. Thanks to Haynes Law Group we have our home. We thank you.A.R. & J.T.
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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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Mr Haynes is courteous, informative, professional, and really knows his area of law. He answered all of our questions, and was willing to meet with us whenever needed. He focused his knowledge to help my father obtain a short sale on his property, in a very short period of time. I believe that Mr. Haynes is honest and trustworthy, and that he will accomplish what he says he will do for you.R.Q.
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Mr. Haynes helped me recover over $100,000.00 in foreclosure surplus funds in Florida. He took care of everything from start to finish and won my case! If you have any surplus funds from a foreclosure in Florida, call Mr. Haynes if you want someone who will fight for you!T.S.
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Attorney Haynes helped me with a Loan modification so that I could keep my home/condo. What I appreciated the most from your firm was how friendly and courteous you all were! When I had questions or concerns, you always answered me promptly. Attorney Haynes helped explained complicated legal documents in such a way that I could understand the process.B.K.
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