Deed In Lieu Of Foreclosure Attorneys
Mortgage Relief Services
Deed-in-Lieu of Foreclosure
Foreclosure & Predatory Lending Defense
Mortgage Relief Attorneys
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Mortgage Relief Attorneys
Learn about your options.
See what you can save.
Contact Us Today.
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How can a Deed in Lieu of Foreclosure Attorney Help?
The need for a Deed-in-lieu of foreclosure attorney may arise if you are in default on your mortgage loan payments and want to turn your property back over to your lender. If you are unable to sell your property – either as a short sale or for the amount you owe to your bank – you might want to look to into hiring a deed-in-lieu of foreclosure attorney, as a way of trying to avoid foreclosure.
If properly negotiated, a deed in lieu of foreclosure means your lender will not take you into foreclosure, or, will dismiss their current foreclosure action and promise not to collect any deficiency balance that would result if your property would sell for less than the amount owed on the mortgage loan. When negotiating a deficiency balance, it can mean savings from several thousand to upwards of hundreds of thousands of dollars. An experienced deed-in-lieu of foreclosure attorney can be worth their weight in gold! A Deed in Lieu can also assist in rebuilding your credit quicker than going through foreclosure.
A Deed in Lieu of Foreclosure can help you avoid foreclosure or the auctioning of your property. Your lender would rather have you do the work in trying to get rid of the property by selling it to someone else rather than having to take it back from you and maintain the property and pay the taxes while it sits vacant. Therefore, before we can negotiate a deed in lieu of foreclosure for you, your property must have been for sale on the market for about six months or so, but the requirements differ with each lender. While on the market if there any reasonable offers you receive in writing, we present them to your lender through our short sale attorney negotiations. If you do not receive any offers, we instead will help try to turn your property back to your lender, through the Deed in Lieu negotiation process, which will benefit both you and your lender as opposed to having the property go through foreclosure.
Deed in Lieu of Foreclosure Strategy
A Deed in Lieu of Foreclosure can benefit both you and your mortgage lender for different reasons!
For you, instead of losing your property to foreclosure, you would be released from the obligation to pay your mortgage loan, and the past due amount owed, if any, would be forgiven.
For your lender, they’d rather you sell your property, but if you’ve been unable to do so, it usually makes sense for them to avoid having to foreclose and avoid the attorney’s fees associated with foreclosure. These attorneys fees would have been awarded to your lender in a judgment against you.
Instead, we work out a deed-in-lieu, a mutually beneficial agreement for your lender to accept your property back. Since you are helping your bank save their time and money (as well as your own), they are more likely to forgive you of any past due amount or deficiency balance owed. A Deed in Lieu can also help to rebuild your credit quicker than going through foreclosure, as it will reflect more favorably on your credit reports.
Benefits of Deed in Lieu of Foreclosure
Instead of waiting for your bank to foreclosure, in order to move forward with your life, you can be proactive.
Save Your Credit
By avoiding the entry of a foreclosure judgment, you’ll prevent the harmful damage associated with your credit.
Save Time & Money
By avoiding foreclosure judgment, you will prevent extra attorneys fees for your lender which costs would be passed onto you.
View Real Results from Deed in Lieu of Foreclosures We’ve Negotiated
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If you have been unsuccessful in attempting to Short Sale your property or in negotiating a deed in lieu of foreclosure, one of our Mortgage Relief Attorneys may still be able to help.
We can evaluate your case and see if maybe there was a slight error on your part that caused your denial, and can then resubmit a request for you properly.
Alternatively, if your lender denied you even though your proposal was accurate, then perhaps instead we can help avoid foreclosure with either our Foreclosure Defense Litigation, Short Sale Negotiation, or Deed in Lieu of Foreclosure Negotiation Services.
How Dramer Law Handles Deed in Lieu of Foreclosure Cases
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Free Consultation, Fact Finding, & Financial Analysis
When you call our firm, we will want to know how and when your financial hardship began as well as what the current status is, to get a better understanding of what you are experiencing. Our staff is trained to ask the right questions to make sure that no stone in your financial picture goes unturned. Any representative that will speak with you will have a minimum of 10 years experience
We analyze your current financial situation including your assets and liabilities as well as your current cash flow, allowing us to narrow down our services more specific to what you can afford. This step is critical in any of our processes as we ensure that whatever service we recommend will be within your budget and therefore you’re more likely to succeed.
Full Disclosure, Recommendation, & Customization
There are multiple options for each problem we encounter so based on your analysis; we will then tailor fit the best option to the individual needs of your budget. We will explain in great detail all aspects of each process including the risks & fees – not just how much money you can save. Nothing will be hidden from you as we are a full disclosure law firm.
Our Relief Specialists are NOT Paid a Commission so there will be no sales pressure at our law firm. There is no obligation to retain our services. You will be given all the facts you need, and then you will be given plenty of time to think things over. Debt relief is an important decision, and we won’t rush you! We have worked hard over the years to earn the reputation we have by giving honest advice to those in need rather than the advice that benefits our bottom line!
Limited Power of Attorney & Authorization to Communicate
Lenders are Sent Notice of our Representation
Once retained, we immediately send a copy of our Limited Power of Attorney to your mortgage lender, their debt-collectors or attorneys. Sending notice of representation is the first step in curbing any creditor or collector calls you may be receiving. We do not want you to be harassed – we’ll take over the calls for you.
The Fair Debt Collection Practices Act (FDCPA)
Once any third party servicer, debt collector, debt purchaser, collection attorney, foreclosure attorney, etc. receive our Limited Power of Attorney, they are obligated to contact us directly on your behalf. Failure to do so is a violation of the FDCPA, and we will sue them for you. There is no fee charged to you if we do not win your case, and if we do win, you can win up to $1,000 per violation, and the collector in violation will pay our attorney fees for you. It’s basically free money!
We Get the Job Done!
We are Incentivized to Perform
Our mortgage negotiation services are offered a fee structure as such that you pay part of the fee when retaining our firm and part of the fee only if we’re successful. The success fee helps ensure we are incentivized, so you’ll know we have your best interests in mind. We don’t benefit from getting you to hire our law firm, but instead, we benefit when we get the job done for you. You pay for our performance – and that’s what we do – we perform! We never agree to anything without first consulting with you and getting your approval. It is your debt and your money, so you have the final say in all of our negotiations
We Work Efficiently & Quickly
The combination of our experience, well-trained representatives, long hours, and state of the art software, allow us to accomplish more in any given day than most other firms only dream about. This can be said for ANY service we offer from negotiations to litigation to bankruptcy. We work quickly on your behalf as the longer you delay with a deed in lieu of foreclosure, the more fees your lender will charge. We will be in touch with you throughout the process to keep you informed and are available when you need us.
Why Choose Dramer Law for Your Mortgage Debt Relief Needs?
Debt is Our Specialty
Other companies and law firms offer debt relief – we specialize in it! We do not offer any services that aren’t strictly related with clients that are struggling financially so our clients have unique needs, compared to those of other law firms, that we can cater to. We offer all debt relief options and we service our clients like family. You should never settle for less when trying to settle for less!
Since our clients don’t have tons of money to spare like attorneys that practice in other areas of law, we charge low fees making our services affordable for anyone that needs help. Unless your case involves one of our attorneys having to go to court, our negotiation service fees are flat fee based not charged hourly.
One on One Client Service
All of our client relationships are One on One. You’ll have one individual client service representative that will be your point of contact and you’ll build a relationship with them so they’ll know exactly what you are going through. Aside from treating you with the upmost care possible, this means you won’t have to deal with multiple people and re-explain your situation to a different person each time you call. This saves time for you and eliminates any extra stress for you as time is money and being stress free is just as important as being debt free!
Client Service Response Time
All of our attorneys, paralegals, and negotiators are dedicated to providing the best possible experience, while achieving results. We are available long hours but should we happen to be unavailable for any reason we pride ourselves on returning calls and emails right away, not several days later like most attorneys.
Many companies do nothing for the high fees they charge. We have heard many horror stories. These companies aren’t proactive, they put no effort into negotiations, they don’t even return your calls let alone calls from collectors! These actions cause collectors to seek other measures to collect, often meaning lawsuits. We typically work repeatedly with the same companies and are known for resolving accounts so therefore have a great reputation with industry lenders and collectors. This benefits you when we contact these companies on your behalf, they know the accounts will get resolved and therefore we are usually able to avoid legal action!
Many times, when our clients completes a successful Deed in Lieu of Foreclosure, they still need assistance with other areas of their financial life. We offer many other services for those struggling with debts including Business Debt Relief, Consumer Debt Relief, Tax Relief, & Student Loan Relief. When Debt is the Problem – We Have the Answers!
The court proceedings were annulled, and agreeable working terms were consolidated with my creditors
I wouldn’t go anywhere else.
Very sharp and on point. Their price is very reasonable.
“Like most people bankruptcy never crossed our mind. My husband and I owed a lot of debt due to closing of our business, but we still tried to payoff debtors little by little. Until we got hit with a summons from the court ( for over 100K lawsuit). We research all over the internet and called many law firms and layers. Many of them ask what we want to do?.. We wouldn’t of call if we know what to do. And some offered hardship /debt relief or settle your debt for less.. no matter what you call it at the end you still have to pay the creditors, the debts collectors and the lawyer. In our case there is no way we can payoff everything. Many random phones calls later, we were fortunate to come acrossed Mike, he has explained to us bankruptcy doesn’t mean we will lose our house or car. As couple we are able keep certain amount of assets. We were also worried about our credit score, the bankruptcy record will stay in your record for 7 years ( our score were poor anyway). There aren’t that many reviews on the internet about them and like most people we’re not sure if we can trust them. Give Mike a call and a chance, his very sharp and on the point. Their price is very reasonable. Bankruptcy was the best choice we made and the cheapest way out. Now half year later we are debt free, no need to worry from phone calls from debts collectors. Get to keep our house and car, even our credit score went up. Don’t understand why we didn’t do it sooner I guess we were like a lot others going day by day try to be nice by paying off little by little. Thanks!” JC, Queens, NY. 7-7-2017
They were extremely professional and made the process easy
“The Law Offices of Kenneth H. Dramer P.C Attorneys at Law were efficient in handling by bankruptcy case. They were extremely professional and made the process easy! I highly recommend them.” – Jamie M. Seaford, NY 5-30-2017
They're highly recommended
It has been an absolute pleasure working with you
“I just wanted you to know it has been an absolute pleasure working with you. You never made me feel harried, pressured or overly anxious about paying off my bills. I wish everyone would be like that. Thank you again & i hope you don’t mind if i touch base with you the future, just to give you updates on how things are going. Be well.” Mary R. Bayshore, NY 4-30-2018
I would highly recommend Dramer Law for your debt settlement needs
“I would highly recommend Dramer Law for your debt settlement needs. A few years ago my husband and I had accrued entirely too much debt and no matter how hard we worked or how much we tried, we were unable to keep up with our bills and making the minimum payments was getting us nowhere. The best decision we could have made was to begin the debt settlement process. Most of the debt was in my name so I contacted Dramer Law . I have been extremely pleased with the efficient, attentive, reliable service provided by Michael Sininsky. I was initially hesitant to enter into any debt settlement program but now, without hesitation, I will say it was the best decision I could have made . From the initial consultation and throughout the entire process ,Michael patiently and fully explained everything. Any questions I had were addressed rapidly and any messages I left were returned promptly. I/we started out with $87,555.84 total debt and ended up paying back $26,020.71. That’s a savings of $61, 000.500 , or a 70% di