A document given by a borrower to a lender, transferring title of the property. Often used to avoid credit-damaging foreclosure procedures.
a document which allows the borrower to return or deed the property back to the lender
A deed the mortgagor gives to the mortgagee to satisfy a debt and avoid foreclosure.
A deed given by a mortgagor to the mortgagee to satisfy a debt and avoid foreclosure.
A means of avoiding foreclosure by conveying title to the lender. The lender has the option of whether to accept a deed-in-lieu, to proceed with the foreclosure, or both.
A deed given by a borrower to the lender to avoid foreclosure proceedings.
Ownership is surrendered in a property from the borrower to the lender by a "deed-in-lieu" given in place of a foreclosure in attempt to satisfy (pay) the mortgage debt.
Short for "deed in lieu of foreclosure," this conveys title to the lender when the borrower is in default and wants to avoid foreclosure. The lender may or may not cease foreclosure activities if a borrower asks to provide a deed-in-lieu. Regardless of whether the lender accepts the deed-in-lieu, the avoidance and non-repayment of debt will most likely show on a credit history. What a deed-in-lieu may prevent is having the documents preparatory to a foreclosure being recorded and become a matter of public record.
the transfer of title from borrower to lender as a result of the borrower‘s defaulting on the mortgage payment
A process that allows a borrower to transfer the ownership of a property to the lender in order to avoid loss of the property through foreclosure.
The transfer of title from a delinquent borrower to a lender to satisfy a debt and avoid foreclosure. Also called a "voluntary conveyance."
to avoid foreclosure ("in lieu" of foreclosure), a deed is given to the lender to fulfill the obligation to repay the debt; this process doesn't allow the borrower to remain in the house but helps avoid the costs, time, and effort associated with foreclosure.
A deed to real property given by the borrower to the lender to satisfy a debt and avoid foreclosure. Sometimes called a voluntary conveyance.
A deed given by a mortgagor to the mortgagee when the mortgage is in default, to avoid foreclosure