The act of giving a property back to the lender without undergoing foreclosure. While the end result is the same - the lender regains possession of the property - the expense and repercussions of the foreclosure proceedings is avoided.
Related information about deed in lieu of foreclosure:
- Deed in lieu of foreclosure - Wikipedia, the free encyclopedia
A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) ...
- Deed-in-Lieu Option For A Release From Your Mortgage Loan ...
Deed-in-Lieu of Foreclosure is where you transfer the ownership of your property to the owner of your mortgage in exchange for release from your mortgage ...
- Deed-In-Lieu Frequently Asked Questions - HUD
A Deed in Lieu of foreclosure (DIL) is a disposition option in which a mortgagor voluntarily deeds collateral property in exchange for a release from all ...
- Deed in Lieu of Foreclosure Information | Bank of America
Is a deed in lieu of foreclosure right for you? From avoiding a public auction of your home to lessening the impact on your credit, learn the benefits of choosing ...
- Deed In Lieu Of Foreclosure vs. Short Sale - Bills.com
Deed in Lieu of Foreclosure vs. Short Sale | Review the pros and cons of accepting a deed in lieu of foreclosure and how it compares to a short sale. Start by...
- Help for Homeowners – Deed in Lieu of Foreclosure – Wells Fargo
A deed in lieu of foreclosure lets you transfer ownership to Wells Fargo without going through the foreclosure process.
- Short Sales and Deeds in Lieu of Foreclosure | Nolo.com
With a deed in lieu of foreclosure, you give your home to the lender (the "deed") in exchange for the lender canceling the loan. The lender promises not to initiate ...
- Deed in Lieu of Foreclosure - Do You Need Help to Walk Away?
Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? - Need Help with a deed in lieu of foreclosure AKA Take this Home & Shove It! You are.