Deed in Lieu Consultation
Thank You. Your Request Has Been Received.
John personally reviews every form before the consultation. The more accurate your answers, the more useful that conversation will be. You do not need exact dollar amounts now. We will go deeper once you decide to move forward.
What We Review Before We Speak
This is the same upside down analysis and loan workout strategy that used to be part of a $1,000 engagement. Right now, if you fill out the form below, John will walk you through most of it at no cost.
Recourse vs. Non Recourse
We determine whether your loan is a purchase money loan protected by California Code of Civil Procedure 580b, or a refinanced loan that may carry personal liability.
Deficiency Risk
Whether the lender can pursue you for the difference between what you owe and what the property is worth, and which California anti deficiency protections apply to your situation.
Credit Strategy
How to minimize credit damage by timing the transfer while you are still current, and what final reporting terms we should negotiate.
Tax Exposure
With the Mortgage Debt Forgiveness Act expired, we identify whether a transfer could trigger a 1099 C or 1099 A and what exclusions may apply to your file.
How We Leverage California Law
When the bank understands that you are well represented and that California law may prevent them from ever collecting a deficiency, the conversation changes. We frame your file so the servicer sees that taking the property back now, on terms you can accept, may be a better outcome for their investor than waiting 10 to 12 months for a foreclosure that produces no payments and a lower property value.
Choose a Time for Your Consultation
Pick a time that works for you. We will confirm by email or text.
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Available Times
No available times for this date.
Tell Us About Your Situation
The more detail you provide, the more useful your consultation will be. John reviews this form before you speak. You do not need exact balances or account numbers. Approximate figures are fine for now.
What Happens Next
- 1John reviews the information you submitted before your conversation.
- 2We discuss your situation, which California laws apply, and which exit options deserve closer attention.
- 3If you engage us, we sequence the right strategy and negotiate the terms with the lender, including credit reporting and deficiency protection.
John McConnin | California Attorney & Real Estate Broker
CA State Bar #154852 | DRE #01445675
Attorney advertising. Outcomes described reflect general patterns from our practice and are not guaranteed for any individual case. Results depend on your specific loan, servicer, investor guidelines, and lender agreement. Submitting an inquiry does not by itself establish an attorney client relationship.