Deed In Lieu

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?

Experienced Attorneys for Saving Your Home

If you are faced with losing your home due to foreclosure by the bank or mortgage company, call the attorneys at The Law Offices of Bilu Law. Know your legal rights. The first consultation is a Free Consultation if you fill out our information package (just click on the .pdf link below) and our attorneys can help you understand all aspects of the foreclosure process.

To learn how we can help you, contact us at (954) 239-7386 or schedule a free consultation online with our Deed-in-Lieu of foreclosure attorneys.

If you own a home in Florida, and you're stressed, feeling hopeless or confused about what to do when threatened with a foreclosure, call us. Bilu Law’s lawyers are experienced in real estate and property matters. They know what needs to be done to help their clients stay in their homes.

We are well versed in loss mitigation and especially loan modification. Here is an overview of the options that Bilu Law can help make available to you if you are in need of Loss Mitigation:

Deed-in-Lieu of Foreclosure

This option allows you upon approval to deed your property to LENDER, the investor, or insurer as settlement in lieu of foreclosure. Property must be free of all other liens.

If you are facing a foreclosure situation or desire a loan modification or other loss mitigation assistance, please download our information package in adobe .Pdf form. You may download Adobe Reader free of charge at You may fill out the informational package and fax it to 954-427-1518 today.

What Is Loss Mitigation?

Loss mitigation is a negotiated agreement between the homeowner and the lender that will stop foreclosure proceedings permanently allowing the homeowner to stay in their home while preserving their credit history.

After your initial consultation we will determine the necessary steps to save your home and protect your credit. We will explore various options to save you from foreclosure, or get you out of foreclosure if a complaint has been filed.

The techniques that we implement vary in each individual circumstance. If our Client wants to keep their property, we will explore plans including but not limited to the following listed below:

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.

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:


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.

Clients Share Their Experience

  • “My wife and I recently hired Ron Bilu to help us file a bankruptcy. Ron explained everything in detail, kept us up to date on everything throughout the process, made us feel comfortable, set our minds at ease, and it went smoother than I could've imagined.”

    - John
  • “I sought his service after several unsuccessful attempts to modify my home loan. He was not focused on the retainer fee but rather to help me accomplish my goal.”

    - Carola
  • “Ron and his staff (Especially Cindy!!) were fantastic, kept us constantly up to date on the progress of our case, and were great at advising us on the best course of action.”

    - Paul
  • I would recommend him to anyone looking for an honest, trustworthy attorney

    - David
  • “For both cases, Ron and the supportive staff went the extra mile demonstrating exceptional expertise and customer service.”

    - Jewel

Committed to Protecting Your Rights

  • Extensive Experience

    We've helped thousand of clients with their legal needs spanning across 67 counties in Florida.

  • Responsive

    We provide fast-acting and accessible legal advice. Our attorneys are there when you need them the most.

  • Hablamos Español

    Our team speaks Spanish to ensure that you understand the legalities of your case.

  • International Law Firm

    We are members of an international law firm network that allows us to assist clients nationally and worldwide.

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