When facing foreclosure, did you know: there’s an option allowing you to voluntarily transfer the property to the lender in exchange for a release of the mortgage? When short sale isn’t a viable option, deed in lieu might be the answer. By helping you resolve your delinquency and avoid foreclosure, this process often finds the lender agreeing to forgive the deficiency that remains after the property is sold—the amount of the loan that is not met by sale proceeds.If you’re facing foreclosure, an experienced and aggressive Florida deed in lieu attorney can help you understand the ins and outs of the deed in lieu process; the Law Offices of Stephen K. Hachey works with you to meet your needs and obtain the results you deserve.In most cases, the lender will also agree to forgive the deficiency (the amount of the loan that is not covered by the sale proceeds) that remains after the house is sold. If you’re a Florida homeowner facing foreclosure, the deed in lieu process may be an option to consider!

How can a Florida deed in lieu lawyer help?

Once your needs and goals are understood, the Law Offices of Stephen K. Hachey will address whether or not deed in lieu is a good option for you to pursue. If you’re ineligible to refinance or modify your mortgage, facing a long-term hardship, behind on your mortgage payments or will fall behind in the near future, owe more on your home than it’s worth, don’t want to sell your home or haven’t been able to sell your home or can no longer afford your home, you should consider working with a Florida deed in lieu attorney. Stephen K. Hachey is a deed in lieu attorney in Florida who can help you to avoid foreclosure.

Know Your Rights Before You Act

What are the benefits of deed in lieu?

• You are immediately released from the personal indebtedness associated with the loan.
• You avoid the public notoriety of a foreclosure proceeding and may receive more generous terms than you would in a formal foreclosure.
• Your credit will be affected less than in a foreclosure.
• You will not be responsible for trying to sell your house.

What are the disadvantages of deed in lieu?

• You may not qualify if you have a second mortgage, home equity loans or tax liens
• Many lenders want cash, not real estate
• There may be negative tax consequences, dependent upon the amount of forgiven debt

Stephen K. Hachey, an experienced deed in leiu attorney, can not only help you determine your options, but he can advise you on the best course of action based on your unique situation. And with offices spread out across Tampa Bay, he’s available and accessible to begin helping you today. The Law Offices of Stephen K Hachey proudly serves Tampa, St Petersburg, Clearwater, Wesley Chapel, Brandon, Riverview, South Tampa and everywhere in between.