![]() ![]() How to Write a Deed in Lieu of ForeclosureĪ deed in lieu of foreclosure is a contract between a lender and a borrower where the borrower transfers property to the lender.What to Include in a Deed in Lieu of Foreclosure.Pros and Cons of a Deed in Lieu of Foreclosure.How to Use a Deed in Lieu of Foreclosure.How Does a Deed in Lieu of Foreclosure Work?. ![]() When Would a Deed in Lieu of Foreclosure Be Used?.Understanding Deed in Lieu of Foreclosure.Why a Lender Might Accept a Deed in Lieu of Foreclosure.Why a Lender May Reject a Deed in Lieu of Foreclosure.The lender benefits from the ability to sell or lease the property relatively quickly instead of going through a lengthy court process. A Deed in Lieu of Foreclosure benefits a mortgage borrower because he or she can avoid foreclosure by voluntarily turning the property over to the lender. ![]()
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