Skip to main content

Exit WCAG Theme

Switch to Non-ADA Website

Accessibility Options

Select Text Sizes

Select Text Color

Website Accessibility Information Close Options
Close Menu
Bruce S. Rosenwater & Associates A law firm. For life.
  • Schedule a consultation today
  • ~
  • Hablamos español

West Palm Beach Deed in Lieu of Foreclosure Attorney

If you are unable to make your mortgage payments and are worried about how defaulting on your payments will affect your homeownership, credit, and future, it’s important to consult with an experienced debt defense and foreclosure defense lawyer who can advise you of your options. There are many alternatives to foreclosure – one of them is pursuing a deed in lieu of foreclosure. For more information, please reach out to our experienced West Palm Beach deed in lieu of foreclosure attorneys at the office of Bruce S. Rosenwater & Associates, P.A. today.

What Is a Deed in Lieu of Foreclosure?

A deed in lieu of foreclosure is a simple concept: a homeowner agrees to turn their property over to their mortgage lender in order to avoid foreclosure. While this means that the property owner will still lose the home, there are advantages for both the property owner and the lender. This is a great option when losing a home is inevitable.

Why Consider a Deed in Lieu of Foreclosure?

Pursuing a deed in lieu of foreclosure can be very beneficial. Consider a situation in which you owe an amount of money on your mortgage that is similar to what your home is worth. If you are unable to make payments on your mortgage, your lender may be considering pursuing a foreclosure action against you; however, you can mitigate the legal process of foreclosure, preserve your credit score, and walk away debt-free if the bank will accept the deed on your home, and then sell your home in order to recover what it’s owed. Pursuing a foreclosure is costly and time-intensive for a lender, too, which may make a deed in lieu of foreclosure an attractive option. Note that the foreclosure process can be expensive, lengthy, and emotional for you – a deed in lieu of foreclosure can provide you with some leverage in negotiating with your lender, and you can walk away with a clean slate. (Note, there are still some consequences of a deed in lieu of foreclosure, including that the transaction will still show up on your credit report, but the effect will likely be much less significant than it would be should a foreclosure be finalized. Additionally, if you perform a deed in lieu of a foreclosure transaction, your ability to buy a home in the immediate future will be impeded.)

Our West Palm Beach Foreclosure Defense Attorneys Can Help

Understanding your rights and your options when you are facing foreclosure or are unable to make your mortgage payments can be confusing and overwhelming, and you may be very fearful about the future. Fortunately, there is help available. At the law offices of Bruce S. Rosenwater & Associates, P.A., we encourage you to call our deed in lieu of foreclosure and foreclosure defense attorneys as soon as you realize that foreclosure is a possibility. We will explore your options, advise you, and protect your best interests.

You can reach our lawyers by phone or online at your convenience. We can start working on your case immediately.

Share This Page:
Facebook Twitter LinkedIn

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Skip footer and go back to main navigation