Deed-in-Lieu of Foreclosure Attorneys in South Florida
Arrange a Consultation at Our Offices in Pompano Beach & Miami
Do you need Loss Mitigation assistance?
The team at Bilu Law can help homeowners who can answer "yes" to one or more of the following questions:
- Do you have an adjustable-rate mortgage?
- Are you currently behind one or more house payments?
- Is your mortgage a pick-a-pay or negative amortization loan?
- Is your loan an adjustable rate that is about to re-set or re-cast?
- Do you owe more than your home is worth?
- Do you want to stay in your home?
- If you do not want to stay in your home, are you interested in a short sale or deed-in-lieu of foreclosure?
- Do you want to legally protect yourself against foreclosure?
Why Choose Bilu Law?
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Decades of ProficiencyWith two decades of dedicated service, we've assisted countless clients with their legal needs, covering 67 counties in Florida.
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Swift and AccessibleOffering seasoned legal guidance, our attorneys respond promptly and are easily accessible when you require their expertise.
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Hablamos EspañolOur proficient team, including Spanish speakers, ensures that you fully comprehend the intricacies of your case.
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Global Legal ExpertiseWe are proud members of an international law firm network, enabling us to provide assistance to clients nationally and worldwide.
Loan Modification
- Special Forbearance/Forbearance Agreement
A formal, written agreement between Client and Lender to reduce or suspend monthly payments for a pre-determined period of time. This will give you the opportunity to recover from your hardship.
- Repayment Plan
A formal, written agreement between you and Lender in which Lender accepts your regular mortgage payment and a portion of your arrears for a pre-determined period of time. These plans are designed to bring the account current over a period of time and avoid the initiation of foreclosure.
- Stipulation Agreement
A formal, written repayment agreement between you and Lender to bring the account current after a foreclosure action has begun. The plan suspends the foreclosure action and is designed to bring the account current.
The plan payments consist of your regular mortgage payment plus a portion of the arrears each month for a pre-determined period of time.
These plans are designed to bring your account current over time. The foreclosure action would be cancelled if the plan were successfully completed.
Hear From Our Happy Clients
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"They cared about their clients."
I'm honored to leave Bilu Law this great review. After calling many lawyers in Florida about a real estate issue, I felt Bilu Law genuinely cared. They listened, asked the right questions, and made my desired outcome their priority. The cost was reasonable, and their dedication was relentless.- Carlos -
"Willing to fight when others gave up."
Bilu Law and their associates were willing to fight for me when other firms wanted to throw in the towel. Their professionalism and dedication resulted in the best outcome I could ask for. I highly recommend this firm. Many thanks to all.- Emporio -
"Highly recommend for legal matters."
Bilu Law advised and completed my Trust paperwork to my satisfaction. The team consistently delivers, even during Covid-19. Calls are quickly returned, and there's a warm atmosphere. Highly recommend for settling legal matters.- Aldith -
""Choosing this law firm was the best decision I have ever made.""
"I had the pleasure of working with Ron Bilu and his assistant Andrea. Choosing this law firm was the best decision I have ever made. Both Ron and Andrea were with me every step of the way and were very kind, helpful, and knowledgeable. In the end i was very pleased with the results and would recommend his services to anyone in need of a great real estate attorney. Thankyou so much Ron!"- Doris -
""They are professional, aggressive and the keep us informed of progress of our cases.""
"Our firm has engaged Ron Bilu and Nick Rossoletti and their amazing team of effective legal professionals for a variety of litigation matters and they are professional, aggressive and the keep us informed of progress of our cases. Their experience and knowledge of the law combined with a results oriented approach has helped our bottom line."- Jeffrey -
""ABSOLUTELY AMAZINGGGGGG!!!!!!!!!""
"ABSOLUTELY AMAZINGGGGGG!!!!!!!!! Ron Bilu and Andrea Valencia helped me beyond what I expected! They listen carefully to you and will fight for you till the wheels fall off! My outcome was beyond what I had imagined and it is all thanks to them backing me up and doing what they do best! I cannot express into words how much I strongly recommend this law firm to anyone who is facing the issues I had! Like I said, absolutely amazinggggg at what they do!!!!!"- Marlin
Claim Advance: (FHA loans or conventional loans with Private Mortgage Insurance)
These plans allow for arrears to be cured by advances made by the insurer of your loan. The funds insurer are used to bring your account current and are obligated to repay the funds advanced.
You may be required to sign a promissory note to repay the insurer through monthly installments or in one lump sum at a pre-determined time. On FHA loans this option would require an additional lien to be placed on the property.
If together we determine that you cannot afford your property any longer and wish to sell, we can assist you to help secure a short sale payoff or a deed-in lieu of foreclosure agreement explained as follows:
- Refinance
The process of paying off your mortgage with the proceeds from a new loan using the same property as security.
- Mortgage Short Sale
If your property value is not sufficient to pay the loan in full, LENDER may be able to accept less than the full amount owed. Sale proceeds are accepted as settlement for the debt.
You may or may not be required to sign a promissory note for the difference or a portion of the difference.
Call us today at (954) 239-7386!
