Defaults on hard money loans

[Glenn Allan]

I'm looking for a lawyer in Key West to do some foreclosures. He has just listed the property for short sale and will take a big hit, so Im going to accept it. I would rather have the lot than the loans attached to. The market has crashed there, so I'd rather hold on till the market comes back. Any ideas to want out for with forclosures? 

[Patrick Roberts]

Quote from @James McGovern:

Did the hard money lender not include verbiage to shortcut having to go to court to foreclose?

 You cannot take a property back as a lender without either foreclosing or having the permission of the borrower, such as deed in lieu. "Shortcuts" like keeping a signed deed in escrow to be filed later will not fly.