Deed in Lieu of Foreclosure in Jacksonville
Are You Facing Foreclosure on Your Florida Home?
Work with a bankruptcy attorney to prevent foreclosure on your home. The Law Office of David C. Meltzer, PLLC can assist you with signing over the deed to your home in lieu of foreclosure. By signing over your deed, you’re making an agreement with your mortgage company to prevent them from pursuing the deficiency balance.
Signing over your deed is ideal when your property is considered “underwater” or you owe more on the property than it’s worth. This method also prevents you from dealing with having a foreclosure on your credit report.
What Are the Consequences of Foreclosure?
When it comes to foreclosure, avoidance is the best route. A foreclosure on your home can result in:
- Damage to your credit: Poor credit can prevent you from being approved for loans, increase your interest rates or impact your ability to find employment.
- Eviction: Being evicted from your home due to foreclosure is challenging, especially because finding approval from an apartment complex after an eviction can be incredibly difficult.
- Stress and pain: Foreclosure is damaging to your finances and your integrity, but a bankruptcy attorney can help you find another way out.
Focus on foreclosure avoidance to prevent the stress that comes with financial uncertainty. Make an appointment with Attorney David C. Meltzer in Jacksonville, Florida today by calling (904) 418-7454.
