Maryland Deed in Lieu of Foreclosure Attorneys
A foreclosure on your credit report can haunt you for years to come. A deed in lieu of foreclosure can help you protect your credit rating.
Choosing to give up the deed to your house is a difficult decision, but it may be the right one for your situation. Contact a Maryland deed in lieu attorney at Chaifetz & Coyle, P.C. by calling 443-546-4608 for experienced legal assistance.
Benefits of a Deed in Lieu of Foreclosure
By making a deed in lieu arrangement with the lender, you can avoid the hassle and credit consequences of foreclosure. Although surrendering the deed to your home is hard, doing so may help you qualify for future loans by protecting your credit score.
Furthermore, by transferring ownership of the house directly to the lender, you can often avoid the task of trying to sell your house and instead concentrate on rebuilding your finances.
Helping You Negotiate a Deed in Lieu
Getting your bank to agree to accept a deed in lieu of foreclosure can be difficult, since your bank has little interest in owning residential real estate. If there are other lien holders on your house, working out an agreement becomes even more complicated. A Maryland deed in lieu lawyer from Chaifetz & Coyle, P.C. can help you navigate the complex negotiation process.
At Chaifetz & Coyle, P.C., we are dedicated to helping homeowners like you make the right decisions about your mortgage. Call 443-546-4608 today to learn more about your options.