Fremont Short Sales - What is a deed in lieu? by Fremont Short Sale Expert, Clyde Brown
Fremont Short Sales Series
One option to avoid foreclosure and the short sale process is to offer the lender a deed in lieu. A deed in lieu is basically when you offer to trade the lender your property in exchange for the cancellation of your mortgage. This approach is more viable in states with a relatively long foreclosure process. The lender is able to take possession of the property much quicker and in turn can mitigate the loss quicker.
A deed in lieu is a contract negotiation and needs to be treated seriously. It is in your best interest to consult an attorney before offering the bank a deed in lieu. In most cases a real estate agent does not need to get involved.
If you have any questions about Fremont short sales or might need to sell your home as a short sale you can fill out the form at the bottom of this blog. I'd be more than happy to answer your questions or put you in touch with a qualified short sale expert in your area.
There is a lot of free information available to you about buying, selling, investing, or relocating in the Fremont real estate market. For complete information about the Fremont Ca real estate market including current Fremont homes for sale, property values, market conditions and more please visit the most complete website dedicated to everything Fremont real estate related. www.ClydeBrownHomes.com.
If you or someone you know are in need of a competent and experienced Fremont real estate agent in or near Fremont Ca, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. Clyde Brown Legacy Real Estate & Associates.