Deed In Lieu Of Foreclosure Attorneys of New York

A Deed in Lieu of Foreclosure can help you avoid foreclosure or the auctioning of your property.
A Deed in Lieu can also assist in rebuilding your credit quicker than going through foreclosure.
Find out how one of our New York Mortgage Debt Lawyers can help YOU!

Deed In Lieu Of Foreclosure Attorney Representing New York

The need for a Deed in lieu of foreclosure attorney may arise when a homeowner that is in default on their mortgage payments wants to hand their property back over to their lender.  If you are unable to sell your property either as a short sale or for what is currently owed you might want to look to into hiring a deed in lieu of foreclosure attorney as a way of trying to avoid foreclosure in New York.  If negotiated properly a deed in lieu of foreclosure means the lender will dismiss their current foreclosure action and in addition promise not to collect on any deficiency balance that may result if the property is eventually sold for less value than what is owed on the mortgage loan.  It is within the area of negotiating the potential deficiency balance, which can mean savings from several thousand to upwards of hundreds of thousands of dollars, that a deed in lieu of foreclosure attorney can literally be worth more than their weight in gold!


Benefits to Hiring a Deed in Lieu of Foreclosure Attorney in New York

Your lender would rather have you do the work in trying to get rid of the property by selling it to someone else rather than having to take it back from you and maintain the property and pay the taxes while it sits vacant.  Before we are able to negotiate a deed in lieu of foreclosure for you, your property must have been for sale on the market for about 6 months or so, but the requirements differ with each lender.  While on the market if there any reasonable bona fide offers you receive in writing, they can be presented to your lender through our short sale attorney negotiations.  If no offers we help try to turn the property back to your lender through the Deed in Lieu process as it will benefit both you and your lender as opposed to having the property go through foreclosure.

A Deed in Lieu of Foreclosure can benefit both you and your mortgage lender! Mainly for you because instead of losing your property to foreclosure you would be released from the mortgage loan tied to the property and the past due amount owed would be forgiven.  Although your lender would prefer you to short sale the property, since you were unable it still benefits them since you are going to try to voluntarily hand over your property as opposed to your lender fighting to take it back from you through foreclosure. This will save your lender tons in attorneys fees over time and therefore your lender is more likely to forgive you of any amount you may owe to them.  A Deed in Lieu can also help to rebuild your credit quicker than actually going through foreclosure as it is typically viewed in a less negative manner.


Not just any Deed in Lieu of Foreclosure Attorney, one of ours!

If you have been unsuccessful in attempting to Short Sale your property or in negotiating a deed in lieu of foreclosure, one of our Mortgage Relief Attorneys may still be able to help.  We can evaluate your case and see if maybe there was a slight error on your part that caused your denial and can then resubmit a request for you properly, or if we find you were denied for not fitting your lenders profile, then perhaps we can help avoid foreclosure in New York with one of our Foreclosure Defense Attorneys instead.

At The Law Offices of Kenneth H Dramer, PC, before we make a recommendations, our debt lawyers, mortgage relief specialists, and paralegals, ask the right questions to find out more in detail about your unique situation. Based on factors such as your income and financial hardship, we help determine which option will work best for you. We don’t only offer one choice since no one option can solve each of our clients’ specific needs. Call now and one of our debt lawyers is waiting to get you started on the road to a debt free and stress free future.  There is no obligation so don’t delay…CALL TODAY!


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*Individual results may vary based on consumer’s earnings, assets, and current mortgage loan situation.  Our law firm does not assume or pay your mortgage, nor provide credit or tax advice in relation to any forgiven amounts. Mortgage assistance does not obtain immediate repayment arrangements.  Mortgage assistance is not available in all states.

*Be wary of any company that tells you not to pay your mortgage loan as it may have a negative impact on your credit report and other consequences.  For example, your mortgage loan may continue to accrue late fees and penalties, you also may receive calls from your lender and/or their collectors, you could even be sued for non-payment.  If your lender obtains a judgment against you then you may lose your home.  Make sure you choose company that explains the benefits and consequences of each mortgage relief option.

*The information provided on this site is for general information and educational purposes only.  The information presented should not be considered legal advice, and should not be misconstrued as such, and should most definitely not be acted upon without first consulting with an attorney. The information is subject to change without notice. Consult a debt relief lawyer licensed in your jurisdiction for specific advice.

*We provide Debt Relief services and are a debt relief agency, as defined by the U.S. Congress. We proudly assist people filing for bankruptcy relief under the Bankruptcy Code as well as various other services to help avoid bankruptcy.