DEED IN LIEU OF FORECLOSURE
A deed in lieu of foreclosure is a legal agreement between a borrower and a lender in which the borrower voluntarily transfers the title of their property to the lender in order to avoid foreclosure. This option is typically used when a borrower has exhausted all other options and is unable to continue making mortgage payments and wants to avoid the negative consequences of foreclosure.
By transferring the property to the lender, the borrower is released from their debt obligation, and the lender can proceed with the sale of the property to recoup their losses.
Watch the video to learn more about Deed in Lieu Of Foreclosure. Contact me for a confidential consulation.
Debbie Atwood and Atwood Group, is not an attorney and does not give legal advice. It is important to contact a qualified real estate attorney
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BANKRUPTCY
Bankruptcy and your home, known as a bankruptcy filing that involves a person's primary residence, refers to the process of seeking bankruptcy protection when a person is facing financial difficulties and is unable to meet their mortgage obligations. It is a legal proceeding that allows individuals or couples to either eliminate or restructure their debts in order to achieve a fresh a fresh financial start.
Watch the video for more information and contact us for a free home consultation.
Debbie Atwood and Atwood Group, is not an attorney and does not give legal advice. It is important to contact a qualified bankruptcy attorney
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JAMES E.
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