Forced Deed in Lieu of Foreclosure
In an “unforced” deed in lieu of foreclosure, you, the homeowner, have to convince your mortgage company to re-claim your home so that you will not be subject to foreclosure proceedings. The “forced” deed, however, is a different option that is available for you to pursue, and it differs from the previous alternative because it does not require you to persuade or negotiate with your mortgage company.
To learn more about your options if you are facing the loss of your home, contact an experienced West Palm Beach deed in lieu of foreclosure attorney of Eric N. Klein & Associates, P.A., at 561-353-2800, today. We are prepared to help you explore all of your options so that you are not left to contend with financial losses that will interfere with your future in this difficult time.
The FDIL
In a Forced Deed in Lieu of Foreclosure, your home is returned in full to the bank without having to ask permission or negotiating terms. A package is compiled that includes:
- A warranty deed that has been notarized in the presence of a witness
- A letter to the mortgage firm
- Any other applicable documents
For someone who is unfamiliar with the process, preparation of this package can be complex and confusing. Therefore, it is better if you have a competent legal team to take care of it for you so that you can concentrate on other important concerns and avoid unnecessary errors that could adversely affect the outcome of your effort.
Contact Us
Let us help you to properly understand and protect your legal rights and options in this matter. Contact the West Palm Beach forced deed in lieu of foreclosure attorneys of Eric N. Klein & Associates, P.A., at 561-353-2800.
