Contact PWJ Real Estate and Property Management

If you have any questions or need more detailed information, please feel free to contact me via phone at (877)SELLMYHOUSE or fill out the form to let me know how I can help with your real estate needs.

Office Location 189 Fitch Hill Rd
Uncasville, CT 06382
Mobile: (860) 550-5267
Fax: (860)838-4256

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Deed in lieu of foreclosure in Connecticut

A deed in lieu of foreclosure is another alternative to foreclosure. In a deed in lieu of foreclosure, the homeowner owner gives the property to the lender voluntarily in exchange for the lender canceling the loan. ( " Mailing in the keys", so to speak.) In exchange for the homeowner signing the property over to the lender, the lender promises not to initiate foreclosure proceedings,  and terminates any foreclosure proceedings already underway. The lender also may or may not agree to forgive the deficiency.

It is important to note, that if you have more than 1 mortgage, or there are other liens on your property, deed in lieu of foreclosure will almost certainly not be an option for you.  The only way for your primary mortgage holder to extinguish the other liens on your property is if they foreclosure or if a release of the liens is negotiated fo rless than the full amount owed through a short sale.  If your lender accepted a deed in lieu of foreclosure and there were other liens on the property, YOUR LENDER would now be responsible for the liens - and no lender will want to pay your old medical bills or other mortgages in full.  Your best opportunity at avoiding foreclosure with multiple liens is through a short sale.  Please contact me to see if a short sale is a good option for you. 

My team and I have successfully completed short sales in every county in Connecticut with the following lenders:


Bank of America, Countrywide, GMAC, Homecomings Financial, JP Morgan Chase, WAMU, Citi, Citimortgage, Wells Fargo, Wachovia, AHMSI, Indy Mac Mortgage Services, One West Bank, Ocwen, Specialized Loan Servicing (SLS), Carrington Mortgage Services, Provident Funding, Navy Federal Credit Union, Nationstar, Greentree, US Bank, SunTrust, Aurora Loan Services, CCO Mortgage, Midland Mortgage, FHA, VA, Fannie Mae, Freddie Mac, CHFA, CHIF, and HAFA.

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