Deed-in-Lieu
A deed-in-lieu is where, the homeowner, voluntarily transfer the ownership of your property to the owner of your mortgage in exchange for a release from your mortgage loan and payments. Options are available (sometimes with a relocation incentive) to help you leave the home immediately; stay in the home for up to three months without paying rent; or lease the home (at market rates) for up to one year.
“We can’t afford our home anymore, but don’t want to have a foreclosure on our credit history. And we need time to plan our move.”
A DEED-IN-LIEU is an alternative to foreclosure and should be considered if:
- You are ineligible to refinance or modify your mortgage
- You are facing a long-term hardship
- You are behind on your mortgage payments or will fall behind in the near future
- You owe more on your home than it’s worth
- You want to sell your home or haven’t been able to sell your home
- You can no longer afford your home and you are ready to leave
You may qualify for up to $30,0000 in relocation assistance.
Contact us at (973)-378-3030 and a dedicated agent will explain more about a Deed-In-Lieu and help submit the necessary request form.
Client Testimonials
“When I met Mr. Ismail, I had tried for 10 yrs. to short sale my property. He got me through a very difficult process that had special considerations, but he was determined, and very diligent. I appreciated his help. We started the process in June of 2018 and it took 4 months before it completed. I was very pleased with the outcome.”
R. BrunsonSouth Plainfield, NJ (short sale client)
“I was very pleased with the short sale service provided by Citizens Mortgage Relief. Overall, it went smoothly and there were no special concerns.”
C. MalloryVaux Hall, NJ (short sale client)
“I was pleased with the efforts of Citizens Mortgage Relief, the process went quickly, and I would recommend them.”
J. SimmonsNewark, NJ (loan modification client)
“I had tried to do my own loan modification unsuccessfully. Citizens Mortgage Relief, in particular, Yusef Ismail was very professional, timely in providing information and status throughout the process so there were no surprises and it went quickly. I definitely recommend them for any of their services.”
Eric ERahway, NJ (loan modification client)
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