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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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