Home Foreclosure Prevention Deed in Lieu of Foreclosure

Deed in Lieu of Foreclosure in San Fernando Valley

Deed in Lieu of Foreclosure

If it appears there is no way to stop house foreclosure in San Fernando Valley, the Deed in Lieu of Foreclosure allows you to transfer title on the property over to the lender and be relieved of all or most of your personal indebtedness associated with the loan. This option for avoiding foreclosure offers several advantages to both parties:

  • Avoids a formal foreclosure proceeding
  • Prevents public record filing, causing less harm to your credit record
  • Eliminates foreclosure costs and legal fees for the lender

The process is complex, requiring projections of the future home value and the fair market value. It also means we must convince the lender to stop foreclosure sale because although you can't afford to make mortgage payments now, you didn't know this was going to happen when you took out the loan. Otherwise, they may allege mortgage fraud and cause even bigger problems for you.

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They walked me through the legal process so there weren't surprises along the way. The reason that led me to them was unfortunate but I am so grateful to them for helping.

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