Deed in Lieu of Foreclosure
Foreclosure Lawyers Helping You Find Financial Security
If you have received foreclosure warnings or notifications in the mail,
it is crucial to retain legal representation and counsel as quickly as
possible in order to protect yourself from the consequences of foreclosure.
It is never too early to talk to a foreclosure defense attorney! Even
if you are willing to give up your house, foreclosure should be always
be avoided whenever possible.
There are serious repercussions to foreclosure, so it is always best to
pursue an alternative instead of simply walking away from your home. Talk
to a New York foreclosure defense and loan modification lawyer about your
foreclosure options. One viable option if you are willing to hand over your property could
be mortgage release, or deed in lieu of foreclosure.
Is mortgage release right for me?
Our firm has been serving residents of New York and New Jersey for many
years. We serve a diverse clientele - men and women from every background
and every walk of life. In our experience, anyone can suffer a financial
hardship. We understand this fact, and because of this, we are passionate
about helping our clients recover their quality of life and find a sense
of hope for the future.
If you have fallen behind on your mortgage payments and you decide that
you are prepared to part with your property in order to be free of your
mortgage, mortgage release could be a good choice for you.
Exchanging a deed in lieu of foreclosure essentially allows a homeowner
to hand over the title of his or her real estate to the mortgage owner. As a result, he or she will be released from the obligation of the loan.
This method allows you to potentially wipe out your mortgage debt while
getting you back on the road to a fresh financial start and renewed financial security.
If you go through a foreclosure, you may not be able to obtain a Fannie
Mae mortgage to purchase a new home for as many as seven years. With a
deed in lieu of foreclosure, however, you may be able to obtain a Fannie
Mae mortgage in just two years! This process also allows you to begin
rebuilding your credit score in a much shorter timeframe than a foreclosure
would allow. In addition, with mortgage release, you and your family may
qualify for as much as $3,000 in financial assistance to help you relocate.
Finally, mortgage release is much more flexible than foreclosure. This
process could allow you to stay in your home rent-free for a few months
or leave right away, depending on your preference. You may even be able
to rent out your home for as long as one year!
Talk to the dedicated lawyers at E. Waters & Associates, P.C. today!
Attorneys Edward J. Waters and Rashmi Attri have years of combined experience
in the field of foreclosure defense, and we work as a team on every case
we accept. This means that you, as our client, receive the benefit of
our collective knowledge and ability when you retain the legal services
of E. Waters & Associates, P.C. At our firm, we tailor our services
to meet your needs. We do not take a cookie cutter approach to foreclosure
defense - we understand that every client is unique and each case is different,
so it is important to hear your concerns so we can provide the individualized
service you need. Why hesitate? Schedule your
free case evaluation at E. Waters & Associates, P.C. in order to learn how we can help
you protect your financial future.
Call us today!
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