Naples Florida 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 short sales or might need to sell your home as a short sale please visit my Naples Florida Short Sales website by clicking the link. You can also fill out the form at the bottom of this blog. I'd be more then happy to answer your questions or put you in touch with a qualified short sale expert in your area.

Your Naples Florida Short Sales Expert,

Benjamin Sovacool