Deed-in-Lieu Transactions Bankruptcy Alternatives

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When you are behind on your mortgage in New York, it is possible that your lender may agree to a deed in lieu of foreclosure.


What this means is that instead of foreclosing on the home, the lender accepts the deed to the property as full satisfaction of the mortgage debt.

The advantages to a deed in lieu of foreclosure are 1) that the mortgage debt is wiped out in full; and 2) that your credit is not affected in the way it would be had foreclosure or bankruptcy taken place.

Contact us if you are having trouble making your mortgage payments – we can help.

Fill out the form below or call us at 646-326-9971 for a free in-office consultation.

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Bradley R. Bailyn, Esq. , Founder

Bailyn Law provides comprehensive legal and advisory services in the fields of bankruptcy and out-of-court debt workouts. We serve companies and individuals who wish to restructure their businesses or their finances to improve liquidity and increase profitability. We also advise creditors seeking to protect their legal rights and economic interests.

How can we help you?

Discover the advantages we bring you. No-cost initial consultation.

6301 Mill Lane Brooklyn, NY 11234

One Rockefeller Plaza, Tenth Floor New York, NY 10020

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The Bailyn Law Firm, P.C

 

6301 Mill Lane
Brooklyn, NY 11234

 

One Rockefeller Plaza, Tenth Floor
New York, NY 10020



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Call 646-326-9971 or fill the below form and we'll get right back to you.

6301 Mill Lane Brooklyn, NY 11234

One Rockefeller Plaza, Tenth Floor New York, NY 10020

THE BAILYN LAW FIRM, P.C.