What is Deed in Lieu of Foreclosure in Suffolk?
Most people will do anything to stop foreclosure on their Florida or New York home. It should be the absolute last resort as it can ruin your credit and really set you back. With Johnny the Lawyer, you're offered options to get you out of that mess and give you some peace of mind. One viable alternative to foreclosure is a deed in lieu of foreclosure in Florida and New York.
A deed in lieu of foreclosure in Suffolk County is becoming an increasingly popular way to remedy an untenable financial situation regarding your home. Although a Queens deed in lieu is still not as popular as other methods such as short sales, loan modifications and refinancing, this method of mitigating financial difficulties is becoming increasingly popular among lenders as a public relations-friendly way to solve borrower problems.
Lieu means instead of. Instead of having the bank follow the law to foreclose on your property to get the title to same , you cut to the chase and give them the deed. Please note, you will still lose your property and there is no benefit to your credit, but with my help we may be able to get you cash for your deed. Why give it to them for nothing? Why do the bank a favor and save them the time and expense?