Glendale Deed in Lieu Attorney

About Deed in Lieu of Foreclosure

There are a number of options open to an individual facing extreme financial distress. A mortgage is usually the biggest monthly expense in an individual's life. When the loss of a job or other financial hardship befalls an individual, he or she in many cases can no longer afford to pay an expensive mortgage while still keeping food on the table. In these situations, individuals are forced to seek out less expensive living accommodations. In extreme cases, individuals may face the very real possibility of bankruptcy or foreclosure. If your financial situation has weakened to the point where you fear for the immediate foreclosure of your home, it is absolutely essential to hire a Glendale bankruptcy attorney to protect your interests and facilitate a deed in lieu of foreclosure should the situation demand it.

How Does a Deed in Lieu of Foreclosure Work?

In the event that your financial situation deteriorates to the point where foreclosure seems eminent, a deed in lieu of foreclosure may be your only option to avoid the damaging effects of a foreclosure. A deed in lieu is an agreement with your mortgage lender to hand over the deed to your home or property in exchange for the elimination of your mortgage debt. While this option can harm your credit, credit lenders and other institutions do not treat a deed in lieu as severely as a foreclosure. A deed in lieu allows an individual to avoid the stigma of a foreclosure while eliminating the crippling debt of a burdensome mortgage.

Deed in Lieu Lawyer Serving Montrose and La Crescenta

When it comes to shedding your home or property to avoid bankruptcy or foreclosure, a deed in lieu of foreclosure may be your only option. At the Law Offices of Khachik Akhkashian, we have a solid understanding of the laws and circumstances surrounding deed in lieu of foreclosure agreements. Banks and other mortgage lenders may not always accept the terms of a deed in lieu offer. Our attorneys can assist you in speaking to your mortgage lender and working out the terms of a deed in lieu agreement. Do not hesitate to call our firm today; your future well-being and security may depend on our advice and guidance.

If you are facing the threat of immediate foreclosure, contact a Glendale deed in lieu attorney to discuss the possibility of a deed in lieu of foreclosure agreement.