California Deed in Lieu of Foreclosure

Deed in Lieu of Foreclosure for California home owners
What if you home is not selling?
Do you have alternatives to a short sale?
What if you have purchase money loans and you wish to aviod the mess of getting a 1009 which could lead to tax liability.

You should consider negotiating a deed in lieu of foreclosure.

What is a deed in lieu? Your attorney drafts an offer to the lender which offers the property back to the lender and includes some or all of he assurances lenders like to see as part of the offer. In exchange the lender will agree to sign certain releases you require. For instance you may require the lender to refrain from sending you a 1099 for loan forgiveness.

A deed in lieu may be the cleanest solution for you. We frequently begin our negotiations with the bank with a deed in lieu offer instead of setting up a short sale. There are many strategic reasons for starting your negotiations off correctly.

If you have any Questions about a Deed in Lieu of Foreclosure simply

fill out the short form below and we'll be happy to help.

Last Updated ( Monday, 17 December 2007 )

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