Deed-in-Lieu of Foreclosure
Connecticut Foreclosure Lawyer on Your Side
Connecticut homeowners are no exception to the increase of foreclosures
happening nationwide. There are alternatives to foreclosure, however,
such as a deed-in-lieu of foreclosure.
Wondering if a deed-in-lieu of foreclosure is an option for your property?
Our Connecticut foreclosure defense attorney can walk you through the
steps of utilizing a deed-in-lieu of foreclosure in order to keep you
and your home afloat.
Get in touch with our firm today to discuss your home situation.
What is a deed-in-lieu?
With a deed-in-lieu of foreclosure, your property is deeded back to the lender.
Lenders may accept a request for a deed-in lieu of foreclosure with the
- You are experiencing financial hardship and cannot afford your current
- The property has been listed for sale at a fair market value for at least
- The property's title must have no encumbrances, such as judgment liens
or state and/or federal tax liens
- The owner of the property must have no financial means to pay the balance
of the mortgage as shown by a financial statement, tax return, or W-2
Do I need a foreclosure attorney for a deed-in-lieu?
Requesting a deed-in-lieu does not mean the lender will cease their foreclosure
action. If the lender obtains a judgment of foreclosure before approving
or denying a short sale, you will be unable to do so. A lender may be
able to obtain a judgment in under two weeks while taking between three
weeks and three months to decide on a deed-in-lieu. This makes it crucial
for you to have legal counsel every step of the way.
You need The Woods Law Firm, LLC on your side to advise you. Unlike lenders,
we always keep our clients' best interests in mind. Our firm can help
you determine if a deed-in-lieu is the right option for your home and
guide you through the process.
Call today for a free legal consultation!
Finding out how our team could help you achieve a successful result to
your case is absolutely free.
Call The Woods Law Firm, LLC today and schedule your complimentary, no-obligation
case evaluation with our Connecticut foreclosure defense attorney. Obtain the defense
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