Florida Foreclosure Help in Hollywood, south Florida short sales

If you’ve been following along, I’ve already discussed your other available options when it comes to foreclosure mediation in Florida. It’s time to discuss the final option they give you, the deed-in-lieu
Deed-in-Lieu of Foreclosure (DIL)
The name could be considered a misnomer. A deed-in-lieu of foreclosure is more like a voluntary foreclosure. If you accept a deed-in-lieu, you are willingly signing over possession of your home to the bank.  All the negative effects that are included in a foreclosure are also included in a Deed-in-Lieu. It is treated on your credit …

There is a danger of another wave of foreclosures hitting South Florida, according to Blomquist from RealtyTrac. RealtyTrac reported that nearly 38,000 Broward homes were in some stage of forelcosure during the first half of 2010.