A Consent Foreclosure is an option that most borrowers do not know is available to them. If a Consent Foreclosure is the right option for you, then our dedicated team of Attorneys can help negotiate on your behalf. Through a Consent Foreclosure, the absolute title of the property vests in the Lender free and clear of any liens (except liens of the United States which can only be extinguished through the Foreclosure Process) or rights of the borrower (including the right to redemption and reinstatement)
A Consent Foreclosure generally is a shorter process for the Lender, as opposed to a litigated foreclosure case. The borrower benefits because the Lender agrees to waive its rights to a personal deficiency.
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