What is Deed in Lieu of Foreclosure?

Receive Answers from Our Chicago Consumer Lawyers

If your lender agrees, deed in lieu of foreclosure allows you to avoid foreclosure by turning over the deed instead. By giving up ownership, you and the lender can both benefit from saving the time and money that would have been spent in foreclosure litigation. At Atlas Consumer Law, our legal team can help you determine if deed in lieu of foreclosure would be effective in your situation.

  • Additional benefits of deed in lieu of foreclosure include the following:
  • It protects you from having to pay money from a deficiency judgment.
  • It spares your credit report from featuring a foreclosure.
  • It cancels your loan, freeing you from existing home debt.

Our legal team can discuss the details of your case and present you with other effective debt relief alternatives, such as consent foreclosure or bankruptcy. Whichever course of action you decide to take, we will provide you with the comprehensive and innovative strategies you need to feel confident.

Not sure if deed in lieu of foreclosure is right for you? Find out during an initial consultation. Schedule yours by calling us at (312) 313-1613.

Illinois Debt Solution Firm with an A+ Rating with the Better Business Bureau

We are proud to have an A+ Rating with the Better Business Bureau, which demonstrates the reliability of our legal services. In addition, our senior lawyer has a 10.0 Superb Avvo Rating, which is a perfect score! We take our client dedication to the next level and our Protect The Discharge program proves it. Even after a client obtains a debt discharge, we continue to protect their consumer rights by taking legal action in the event of future creditor harassment.

Take action today by turning to Atlas Consumer Law without delay.

The sooner you take legal action by retaining our legal services, the greater the chances that you will walk away with a positive outcome. Our Chicago foreclosure attorneys will do everything possible to lead you towards debt relief as swiftly and effectively as possible.

Contact our Illinois debt solution firm today to learn more about our deed in lieu of foreclosure services.

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