Mara Mara Law / Daytona Beach Foreclosure -Ormond Beach Foreclosure Attorneys /

Daytona Beach Foreclosure

Deed in Lieu of Foreclosure:

If you are going through a Daytona Beach Foreclosure or one in a surrounding area you might be eligible for a deed in lieu of foreclosure. A deed in lieu of foreclosure is a deed instrument in which the borrower conveys all the interest in the property to the lender to satisfy a loan that is in default or in foreclosure. The lenders do not typically accept a deed in lieu of foreclosure without the borrower demonstrating financial hardship and providing financial affidavits to support the hardship. The deed in lieu may offer the following advantages:



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